1332 ET - The hotter-than-expected August jobs report isn't, by itself, a strong case for the Fed to hike rates at the mid-September FOMC meeting, Mahoney Asset Management's Ken Mahoney says in a note. He is still in the camp that the Fed won't raise rates in September, and thinks the decision won't be solidified until the August CPI next week shows how hot or cold inflation is right now. "Barring a surprise CPI print, that is the call," Mahoney says. Fed Governor Christopher Waller just said he would support leaving rates unchanged if inflation looks tame, comments that the markets seemed to welcome, Mahoney says.
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