Trump Threatens Trade Cuts Over Fed Rate Hike Fears

The US jobs market continued to show strength in August, adding 162,000 new positions and beating expectations.

This news has increased the likelihood of a quarter-point interest rate hike at the Federal Reserve's next meeting, now seen as over 58% by CME FedWatch.

President Donald Trump responded with a social media post, warning that if the Fed doesn't lower rates, he'll cut trade agreements with countries running deficits against the US.

Trump argued that a strong country deserves low interest rates and claimed that high rates put the US at an unfair disadvantage.