Strong Jobs Report Leaves Investors Anxious over Interest Rates
Dow Jones
Sep 05
Friday's stronger-than-expected jobs report showed that the U.S. economy added 162,000 jobs in August. That figure was about three times what economists expected, and a sharp increase from the revised 21,000-job gain for July.
Investors are anxious over whether the Fed will lift interest rates on Sept. 16. Officials have made clear that inflation data will play the biggest role in their decision. Investors now see a 60% chance that the Fed will hike the rate this month, up from 52% before the report's release.
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