162K jobs in August. Great news, right? Eh, depends who you ask. See, the Fed has a dual mandate: maximum employment and stable prices. Employment? Crushing it. Inflation? Still running hot at 3.4% vs their 2% target. And here's the thing. A strong number actually makes the inflation problem worse. More hiring, more spending, more price pressure. 3 Fed members already wanted to hike last month. Warsh just got hawkish at Jackson Hole. Now this drops. September meeting? Total coin flip.(Lark Davis)