Jobs Growth in the US May See Interest Rates Increase

Friday’s non-farm payrolls exceeded expectations once again, sending U.S. stock markets to new records. The dollar also rose as investors predicted an upcoming rate rise by the Federal Reserve. But Strategas’ Don Rissmiller doesn’t see it happening in September, “and the December meeting is still a 50-50 call,” he wrote in a note to clients.

Good numbers may be bad news for Clinton: “The July employment report [offered] a short-term boost to the Democratic nominee’s presidential hopes after a dismal reading last month on economic growth.

“But it also raises the politically dangerous prospect that the Fed could boost interest rates in September, in the heart of the campaign. That could spook markets, slow already tepid growth and complicate Clinton’s path to the White House