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Jobs report raises stakes for timing of potential Fed rate hikes

Investors are watching the jobs data for signs the Federal Reserve could start lifting interest rates as soon as next month, according to NYT Business.

Reported · Written up by our desk · Economy

The latest jobs report is set to become a fresh test for Federal Reserve Chair and policymakers as markets increasingly look for the central bank to begin raising interest rates soon.

NYT Business reports that investors are moving toward the view that a first hike could arrive as early as next month.

The key question is whether Friday’s employment data supports stronger economic momentum, which would strengthen the case for earlier tightening by the Fed.

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