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Story summary
- U.S. employers added 162,000 jobs in August, prompting analysts to expect a Fed rate hike.
- Unemployment remained at 4.1% while labor-force participation rose to 61.6% in August.
- UBS now forecasts 25-basis-point hikes in September and December, after earlier expecting no change.
- The S&P 500 fell 0.4% to 7,718.60 and the Dow dropped 0.5% to 53,414.25.
