A jobs report on Friday provided a key gauge of the U.S. economy as shoppers weather elevated inflation and central bankers weigh a possible interest rate hike.

U.S. private payrolls saw a moderate increase in August, adding 38,000 jobs. This figure fell short of economists' expectations for job growth last month. The ADP report, a…

Soon-to-be-released inflation “reports have the power to decide whether the Fed hikes or holds,” Fifth Third Commercial Bank Chief U.S. Economist Bill Adams said.

The U.S. added 162,000 jobs last month, far above views.

In August, the U.S. experienced remarkable job growth while unemployment rates held firm, indicating an impressive labor market. This uptick has kept a potential Federal Reserve…