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Strong jobs data set to spur Fed to trim bond portfolio
Sluggish wage growth and benign inflation, however, suggest Fed will delay raising interest rates again until December
Add BT as a preferred sourcePublished Sun, Aug 6, 2017 · 09:50 PM
Washington
US employers hired more workers than expected in July and raised their wages, signs of labour market tightness that likely clears the way for the Federal Reserve to announce a plan to start shrinking its massive bond portfolio.
The Labor Department said that non-farm payrolls increased by 209,000 jobs last month amid broad-based gains. June's employment gain was revised up to 231,000 from the previously reported 222,000.
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