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Story summary
- The Federal Reserve’s Open Market Committee has a 58% chance of a 25-basis-point hike to 3.75-4% on September 16.
- U.S. employers added 162,000 jobs in August, holding unemployment at 4.1%.
- The 12-month all-items inflation rate was 3.4%, above the Fed’s 2% target.
- President Donald Trump urged rate cuts on Truth Social and warned he would halt trade if rates stay high.
