Strong jobs report Friday could break market calm

September 3, 2016 4:18 AM

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Strong jobs report Friday could break market calm

The stock market’s eerie quiet — viewed through the prism of tiny daily price swings this summer — could end abruptly Friday in a noisy bout of market volatility if the August jobs report comes in strong and puts the Federal Reserve on track for its first interest rate hike of the year when it meets in September.

The U.S. central bank hasn’t increased rates since December, when it moved rates off zero for the first time in nearly a decade. Wall Street isn’t fully prepared for a hike in September, despite Fed Chair Janet Yellen saying in a speech last week that the case for a rate hike has “strengthened” and ...

Also read: YELLEN: The Fed is close to its goals and expects to hike rates 'a few' times this year

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