Fed Comfort in Upbeat Jobs Data Doesn’t Guarantee September Hike

August 5, 2016 2:36 PM

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The argument for the Federal Reserve to raise interest rates in September just got stronger with another bumper U.S. employment report. But that’s probably not going to be enough to persuade the central bank to drop its strategy of wait-and-see.

“The July jobs report certainly increases the odds of a September tightening, but I’d still keep them somewhat below 50 percent,” said Dean Maki, chief economist at Point72 Asset Management LP in Stamford, Connecticut and a former Fed staffer. “There are many ways for a potential Fed tightening to b...

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