Research Brief: August Hiring Hits “Goldilocks” Range for Fed – Supports Rate Strategy

Job Growth Downshifts to Goldilocks Zone, Providing Runway for Fed to Pull Off Soft Landing

Last month’s employment report ideal for Fed objectives. Employers added 315,000 personnel to payrolls in August, below the 526,000 jobs created in the previous month, but well above historical averages. The month-over-month hiring slowdown, together with a slight increase to unemployment, lowers the likelihood of a 75-basis-point…