US rate hike still a possibility after ‘solid’ jobs data

Federal Reserve
The Federal Reserve's eagle

Heavily anticipated jobs data in the US has revealed a 215,000 increase in nonfarm payrolls in July, interpreted widely as a "solid" figure that leaves the door open to a rate hike in September.

After its July 28–29 meeting the Federal Reserve Open Market Committee (FOMC) said it wanted to see "some further improvement" in the labour market before raising rates.

Nonfarm payrolls increased by an average of 246,000 in the 12 months prior to July, while today's data reveals labour market conditions

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