August jobs surge pushes rate hike expectations

A recent BLS jobs report showcased surprisingly high numbers, with the U.S. economy adding 162,000 jobs in August with the unemployment rate unchanged at 4.1%. Following the announcement, nearly 60% of investors are betting on a 25bps hike to 3.75% to 4%, with the remainder of bettors suggesting the Kevin Warsh-led central bank will instead announce a hold. Dr. Rebel Cole, Lynn Eminent Scholar Chaired Professor of Finance of Florida Atlantic University, joined FOX 35's Garrett Wymer live over Zoom to break down the latest.