August Employment Data Points Toward Potential Fed Rate Hikes, Says Claudia Sahm
Quick Brief
Following the release of the US employment report for August, New Century Advisors chief economist Claudia Sahm shared her perspective on Bloomberg Surveillance. She indicated that the latest jobs data strengthens the position of Federal Reserve officials who advocate for beginning interest rate hikes.
What Happened?
Claudia Sahm, chief economist at New Century Advisors, analyzed the newly released US employment report for August during an appearance on Bloomberg Surveillance. According to Sahm, the details of the employment figures lend support to Federal Reserve policymakers who are looking to initiate rate hikes.
Why It Matters
Assessments of key employment indicators by prominent economists help shape market expectations regarding monetary policy and upcoming decisions by the Federal Reserve.
Key Facts
- The evaluation centers on the US employment report for August.
- Claudia Sahm serves as the chief economist at New Century Advisors.
- Sahm stated the jobs report favors Federal Reserve officials wanting to begin hiking rates.
- The commentary was delivered on 'Bloomberg Surveillance'.
Compiled from 1 outlet
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