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Jobs Surge Sparks Rate Hike Fears | US News
Jobs surged in August with 162,000 new positions—triple expectations—and revisions upward for June and July, keeping unemployment steady at 4.1% but signaling more people are actively seeking work. The market’s reading this as a red flag for inflation, pushing Fed rate hike odds to nearly 59% for September. With key inflation data coming next week, Wall Street braces for tighter policy as major indexes dip amid rising uncertainty ahead of the holiday weekend. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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