The Traderszone Network

Published in TZ Latest News 3 September, 2015 by The TZ Newswire Staff

U.S. job gains seen solid in August, spotlight on Fed

The U.S. economy likely added jobs at a steady pace in August and the unemployment rate probably fell to a near 7-1/2-year low of 5.2 percent, which could allow a cautious Federal Reserve to consider a September interest rate hike. “We don’t think it will detract from the possibility that the Fed is considering a September rate hike, only if we saw ominous signs of a deterioration elsewhere in the data,” said Sam Bullard, a senior economist at Wells Fargo Securities in Charlotte, North Carolina.

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