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Soft jobs report reduces urgency of a September Fed rate hike

MarketWatch reports policymakers will still weigh the odds of a hike against upcoming inflation data.

Reported · Written up by our desk · Central Banks

A soft jobs report has tempered market urgency around the Federal Reserve delivering a rate hike at its September meeting, according to MarketWatch.

While the possibility of a hike has not disappeared, attention is shifting to upcoming inflation releases that Fed officials are expected to consider when assessing whether additional tightening is needed.

MarketWatch notes that the inflation reports will be a key focus as the Fed weighs the balance between labor-market conditions and broader price pressures.

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