U.S. adds 162,000 jobs in August, boosting Fed rate-hike bets

The U.S. economy added 162,000 jobs in August, well above expectations, reigniting forecasts for a potential Federal Reserve $FED rate hike at its September policy meeting. The unemployment rate held steady at 4.1%, sustaining inflation concerns on the central bank's agenda.

The strong jobs report sent Treasury yields and the dollar $USD higher while pressuring equities $SPX lower, as markets repriced the odds of monetary tightening. #economy #markets #derivatives