{"id":839491,"date":"2026-09-07T13:04:11","date_gmt":"2026-09-07T13:04:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/839491\/"},"modified":"2026-09-07T13:04:11","modified_gmt":"2026-09-07T13:04:11","slug":"healthy-us-labour-market-gives-further-ammunition-to-fed-hawks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/839491\/","title":{"rendered":"Healthy US labour market gives &#8216;further ammunition&#8217; to Fed hawks"},"content":{"rendered":"<p>Last week&#8217;s very strong labour market report showed robust job creation and a rising participation rate, pushing the alleged AI jobs apocalypse further into the future. A net 162k jobs were added in August, not only well above the median estimate but comfortably above even the top-end projections.<\/p>\n<p>The sharp pick-up in hiring suggests the labour market isn&#8217;t just refusing to cool &#8211; it&#8217;s actively gathering pace, and there is certainly nothing in the data that would, in isolation, dissuade Fed officials from tightening policy further. A healthy labour market gives further ammunition to the hawks on the <a href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">Federal Reserve<\/a>.<\/p>\n<p>However, relentless political pressure from the Trump administration to keep <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor=\"\" rel=\"nofollow noopener\" target=\"_blank\">rates<\/a> low &#8211; including another extraordinary outburst on Friday threatening to halt trade with countries running deficits with the US unless the Fed lowers rates &#8211; suggests to us that the FOMC will vote again to hold rates steady.<\/p>\n<p>Warsh&#8217;s equivocations only add to that view, barring an unlikely nasty surprise in this week&#8217;s inflation report. This is currently our main point of disagreement with how markets are pricing monetary policy worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"Last week&#8217;s very strong labour market report showed robust job creation and a rising participation rate, pushing the&hellip;\n","protected":false},"author":2,"featured_media":839492,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-839491","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/839491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=839491"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/839491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/839492"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=839491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=839491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=839491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}