‘Some people are unable to digest…’: SBI Ecowrap says unnecessary controversy has been created on 7.8% GDP growth rate - Business Today

What to know about the report.

Federal Reserve Bank of Cleveland President Beth Hammack said it’s time for the US central bank to act to cool inflation.

The president said he could halt trade between the United States and countries with which it has a trade deficit if the central bank doesn’t do his bidding.

A strong employment report in the US raises the odds of a Fed rate rise

A surprise jump in US hiring last month has bolstered the case for the Federal Reserve to raise interest rates when they meet later this month, but a hike is still not guaranteed.

Here are the key takeaways from the August US employment report, released Friday: