- A stronger-than-expected US jobs report lifted the likelihood of a September Federal Reserve rate increase, with futures pricing reflecting higher hike odds.
- Employers added nearly three times as many jobs as expected, strengthening the case for tighter monetary policy.
- The September 15-16 Fed meeting and inflation data due the following week are the next key policy catalysts.
- President Trump demanded rate cuts and threatened to curtail US trade with some countries if the Fed does not lower rates.
Quotes
“Trump demands Fed lower rates, saying he'll curtail U.S. trade if not”