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1.Market Observations, 8.Was Sticky

5 Sept 2016 (AFR) – Jobs report casts doubt on US Federal Reserve September rate rise

(5 September 2016, AFR, p18, by John Kehoe)

‘Most investors and economists on Wall Street discounted the chance of a US interest rate hike this month after economic data on Friday showed a moderate 151,000 job additions and negligible wage gains in August. The possibility of a tightening at the September 21 Federal Open Market Committee meeting has not been eliminated, but the softer than anticipated US employment report means an imminent rate hike would come as a surprise to many in the markets.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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