CoinScoopUS Non-Farm Payrolls Surge, September Rate Hike Probability Hits 60%
The US added 162,000 jobs in August, tripling expectations and signaling strong labor market resilience. This data pushed the probability of a Federal Reserve rate hike in September to approximately 60%. While US Treasury yields rose and equities closed lower, weekly gains were maintained. Economic growth remains supported by AI infrastructure investment and credit expansion. Markets are now shifting focus to next week's CPI data to gauge the future path of Federal Reserve policy.
Summaries are written by AI from the original article. Not investment advice.