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An August rebound in U.S. payrolls would all but cement a Federal Reserve interest-rate increase this month. Yet investors will probably retain doubts about another hike this year, barring a surprise acceleration in wages.

Employers added 198,000 workers last month after 157,000 in July, helping to trim the jobless rate to 3.8% to match the lowest level since 1969, according to a Bloomberg survey ahead of Labor Department data due Friday. Average hourly earnings likely rose 2.7% from a year earlier for a third straight month, only slightly above the 2.5% average in 2017.

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