All of the data released last week strengthens the probability of a rate increase in September

The wealth of data released last week continues to point to a strong rebound in growth still in place. The labor market remains tight even with nonfarm payroll growth in July at 157,000, well below the results of May and June. Growth for those two months was revised up by 59,000. The unemployment rate dropped to 3.9% from 4.0% in June.

 

PROBANK AUSTIN ADVISOR - AUGUST 6, 2018