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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

Monthly job growth in the US this year has averaged 184,000, close to the 2016 average of 186,000. The economy needs to create 75,000 to 100,000 jobs per month to keep up with growth in the working-age population.


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...

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