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What Do Market Analysts Expect of August's Labor Market Report?
While market analysts expect the August non-farm payrolls to be in the range of 156K-200K, any number above 200K is likely to spur increased rate hike expectations in September. The state of the US economy and even more importantly, the state of the US labor market is the key to the golden gridlock of the future interest rates path of the Federal Reserve (Fed). A number of Fed speakers had the perfect opportunity last weekend during the central bankers symposium organized by the Fed in Jackson Hole, Wyoming, to express their views ahead of this Friday's non-farm payrolls. Fed Chair Janet Yellen and Vice Chairman ... (full story)