Business

Fed Rate-Hike Forecasts Raised at JPMorgan, Evercore on Blowout Jobs Report

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US employers added 528,000 jobs last month, more than all estimates, the unemployment rate matched a five-decade low of 3.5% and wage growth accelerated, the Labor Department said Friday. The data add impetus for the Federal Open Market Committee to match the 75 basis-point moves it made in June and July as it works to cool an inflation rate that’s running at a 40-year high.



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