Trump's Rate Hike Pressure Mounts Amid Strong US Jobs Report

A stronger-than-expected US jobs report has increased expectations of an interest-rate hike at the Federal Reserve's September meeting.

The August jobs report showed employers added 162,000 jobs in August, nearly three times as many as economists had expected.

This increase in job growth has boosted the chances of a rate increase this month to about 62%, up from around 55% beforehand.

Fed Chair Kevin Warsh said he needs confidence inflation is moving back toward the target 'clearly and at sufficient speed' for rates not to rise.

President Donald Trump has renewed his pressure on the central bank, demanding lower interest rates and threatening to halt trade with countries that run a deficit.