Private-sector payrolls rose just 38,000 in August, the slowest since January per ADP, as the Fed weighs a rate hike at its September meeting despite a negative July jobs print and crude oil near $90 a barrel.
Isabelnet’s ISM series still shows an eighth month of factory expansion, but the miss versus 55.2 and unchanged prices paid at 71.1 keep a September hike on the table. Source
