Nonfarm payrolls grew 162,000 last month, far above the 53,000 economists expected, pushing fed funds futures traders to price in a 58% chance of a hike

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

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.

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…