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Payrolls Data Showing Solid Wage Growth Keeps Fed on Track to Hike Rates

Solid employment report with stronger-than-expected wage growth keeps Fed on track to raise rates; Fed policymakers' median forecast is for two more rate hikes this year.

1 min read
  • Solid employment report with stronger-than-expected wage growth keeps Fed on track to raise rates.
  • Nonfarm payrolls increased 209,000 in June, unemployment rate fell to 3.6%.
  • Fed policymakers' median forecast is for two more rate hikes this year.
  • Traders maintain near-certainty that Fed will hike at July meeting.
  • Central bankers wary of signs of wage growth quickening.
Payrolls Data Showing Solid Wage Growth Keeps Fed on Track to Hike Rates
A solid employment report with stronger-than-expected wage growth for June keeps the Federal Reserve on track to raise interest rates this month and mull another hike as soon as September.
BloombergSteve Matthews

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