Slower Job Growth May Give Fed Pause on Raising Rates

September 4, 2015 1:00 PM

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Slower Job Growth May Give Fed Pause on Raising Rates

The American economy added 173,000 jobs in August, a weaker showing than expected that makes it more likely the Federal Reserve will delay its long-awaited increase in interest rates when policy makers meet in two weeks.

But there was just enough positive data in the report on Friday from the Labor Department to keep a September move in play, even as Wall Street increasingly looks at the possibility of a Fed move in October, or at the central bank’s last meeting of the year, in December.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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