Jobs
US Jobs Data Have Potential to Push Fed Toward Third Jumbo Hike
- Payrolls seen climbing 298,000; hourly wages forecast up 5.3%
- Data follow mostly firmer recent readings on labor market
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The hotly anticipated US jobs report has the potential to tip the scales toward a third jumbo-sized hike in interest rates later this month after a wave of data that point to a resilient consumer and high labor demand.
Friday’s report is one of the last marquee releases Fed officials will have in hand before the mid-September policy meeting to help them decipher a complex economic and inflationary puzzle.