Payrolls jumped to 162,000 in August just as ISM services and manufacturing price gauges hit their highest levels since 2022. Fed governors are now publicly split over a September move, with hike odds swinging from 35% to 61% in a week.
The Kobeissi Letter says markets swung to a 53% chance of a September 16 hike after payrolls nearly tripled forecasts and erased the July contraction scare. Source
