The Fed: September not dead for Fed, but holiday rate hike more likely, experts say

Getty Images

Federal Reserve Chairwoman Janet Yellen may take her rate-hike dossier to December.

The Federal Reserve could still raise interest rates in September but a move at the last meeting of the year is more likely, experts said Friday in the wake of the August jobs report.

“I think this report keeps the Fed on hold this month, and the reason is that it created no urgency for them,” said Dean Maki, chief economist of Point72 Asset management.

The economy adding just 151,000 jobs in August, down from 275,000 in July and 271,000 in June.

Read: U.S. jobs growth slows in August

>>> Original Source <<<