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Jobs report set to seal September Fed hike, not future path

Lacklustre pay is among reasons why investors aren't fully convinced Fed will deliver its fourth 2018 hike in December

Fri, Sep 07, 2018 - 5:50 AM

Economists project that factories added 24,000 workers in August, according to the median estimate, which would mark the 11th straight month of at least 20,000.

PHOTO: AFP

Washington

AN AUGUST rebound in US payrolls would all but cement a Federal Reserve interest-rate increase this month. Yet investors will probably retain doubts about another hike this year, barring a surprise acceleration in wages.

Employers added 198,000 workers last month after...

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