PoliticsSeptember 4 at 09:14 AM

US White House NEC Director Hassett praises the strong jobs report, argument for Fed to hold is pretty strong

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White House NEC Director Hassett highlighted the strong August jobs report and argued for a Fed rate hold, while robust employment data boosted market rate hike expectations.

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Today's market highlights

A selection of stories drawing attention in the market.

U.S. Economy

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K

Fed

US President Trump posts "Great jobs number just announced, breaking all estimates"; renewed calls for sharply lower interest rates and threatened to halt trade with countries running surpluses against the US if rates remain high

Geopolitics

"Oman and Qatar are intensifying efforts to resume Iran-US talks", Nour News reports citing diplomatic sources; "the Strait of Hormuz, sanctions, and the nuclear file are the focus of new disputes"