Stocks slip as robust US jobs data stokes rate hike chances Stocks mostly fell on Friday after the US economy created far more jobs than expected last August, making it more likely the Federal Reserve would raise interest rates last to rein in stubbornly high inflation.
Fed chairman Kevin Warsh made clear last week he saw rising prices as the main threat to the world’s biggest economy, leading many investors to pencil in a rate hike at the central bank’s September 16 meeting.
Key inflation data next week will reveal if those expectations prove correct, but the two-year US Treasury note — which best reflects near-term rate expectations — saw its yield jump after the jobs report, and the dollar rose.
The dollar also got a boost against major rival currencies.
“The employment report was a bit of a shocker,” said Patrick O’Hare, a strategist at Briefing.com. https://macaubusiness.com/stocks-slip-as-robust-us-jobs-data-stokes-rate-hike-chances/
September 4, 2026 759 2
