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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
Bloomberg business news
US Initial Jobless Claims Fall for a Third Week
Updated on

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.