Interest Rates

Better than expected jobs figures could see Fed hike US interest rates again

A new report found that 336,000 jobs were added last month

Jerome Powell, chair of the US Federal Reserve. Picture: Bloomberg

A hotter-than-expected jobs report will likely nudge the US Federal Reserve towards raising interest rates again by the end of the year.

According to the Bureau of Labor Statistics, 336,000 new jobs were added in the US last month. The unemployment rate held at 3.8 per cent and wages rose at a modest pace.

“This will keep the Fed very guarded and very much concerned about upside risk, because this plays into their concerns about ...