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September Fed rate-hike odds fall after weaker July jobs report
CNBC Finance said a softer labor market would weaken the rationale for a September hike that had been supported by some Fed members due to higher energy prices.
CNBC Finance reported that the odds of a Fed rate hike in September dropped after a notably weaker July jobs report.
The outlet said a less healthy labor market reduces the case for raising rates, even as some central bank members have pointed to higher energy prices as part of the backdrop for considering tighter policy.
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