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Story summary
- U.S. President Donald Trump urged cutting interest rates this month, saying the United States should have the world’s lowest rate.
- August added 162,000 jobs, far above analysts’ 56,000 forecast, led by hospitality and education hiring.
- Inflation stayed above the Fed’s 2% goal, with prices up 3.4% year-over-year.
- CME Group’s FedWatch showed almost 60% of traders betting on a September rate hike.
