Yahoo TV

According to the August jobs report, 187,000 U.S. jobs were added this past month. While the unemployment rate ticked up and average hourly wages came in line with previous projections, is this the data the Fed has been waiting to see? The Conference Board Chief Economist Dana Peterson and RSM Chief Economist Joe Brusuelas sit down with Yahoo Finance Live to talk about how regulators and consumers may interpret this latest jobs print.

"This plays into exactly where the Fed wants this jobs data to go and sets up nicely for a September pause," Brusuelas says, warning on "significant problems" in labor supply and growing "financial stress" in the economy.

Similarly, Peterson also considers the impact of recent inflation prints and how the Fed should hike accordingly: "We had yesterday's inflation data, which weren't really going in the direction the Fed wants. I think the Fed may still want to wait for those long lags to kick in and come back in November and maybe hike then."

This post was written by Luke Carberry Mogan.