Strong US jobs report revives Fed rate-hike prospects
A stronger-than-expected US jobs report has revived the prospect of an interest-rate hike by the Federal Reserve at its 15–16 September meeting. US employers added 162,000 jobs in August — nearly three times what economists expected — while the unemployment rate held at 4.1% and labour-force participation rose to 61.6%. Fed Chair Kevin Warsh has sought clearer evidence that inflation is returning to the 2% target.
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US Fed policy, jobs data and the 2% inflation target feature in banking and economy sections.
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- US added 162,000 jobs in August; unemployment steady at 4.1%, participation 61.6%.
- A rate hike is back in focus for the Fed's 15–16 September meeting.
- Fed Chair: Kevin Warsh; the Fed's inflation target is 2%.
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