Jobs Data Could Hold Rates’ Fate

Investors are on the fence on whether the Federal Reserve will raise rates in September. After the July jobs report comes out Friday, that may no longer be the case.

When the Fed’s rate-setting committee met last week, it tweaked its policy statement to say that it needed to see “some further improvement in the labor market” before tightening. Previously, it had called for “further improvement.” For Fed watchers, the addition of…

Justin Lahart | WSJ

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