Head of Inv Strategy & Chief Economist, AMP. Into boats, pop music, economics, investing, my family..& being nice. I don’t solicit funds/spruik trading schemes
US Aug payrolls much > exp +162k, prior 2 mths revised +55k, 3 mth avg +71k.
Unemp rose from 4.09% to 4.14% but this was due to higher participation.
This marginally increases case for a Sept hike, but CPI will be key. Wages grth remains benign +0.2%m/+3.1%y
(EvercoreISI chart)