Jobs report gives ammo to Fed skeptics on September rate hike

September 2, 2016 5:27 PM

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Jobs report gives ammo to Fed skeptics on September rate hike

Federal Reserve policymakers already skeptical of the need for an interest-rate hike this month gained some ground against their more hawkish colleagues after a government report Friday showed U.S. job gains slowed last month.

But as long as data in the next few months suggests continued moderate economic growth and a rise in inflation toward the Fed's 2-percent target, Fed policymakers look likely to back a December rate hike as a prudent step toward normalizing what has been nearly a decade of ultra-easy monetary policy...

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