'Sizzling' US jobs data for July makes case for bigger Fed Rate increases

 blowout US jobs report for July means the Federal Reserve will probably need to keep going with the most aggressive rate hikes in decades to curb demand and inflation, according to economists. 
 

US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated, the Labor Department said.   

“The good news is people can get jobs, the bad news is that inflation remains too high and our No. 1 priority is to get that down,” San Francisco Fed President Mary Daly said Friday on Fox News.

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