0918 ET - Hot August U.S. employment numbers, coupled with upward revisions for July, "means that if the inflation picture dictates a rate hike, the Fed will be comfortable that the labor market is strong enough to withstand it," AllianceBernstein's Eric Winograd says in a note. The numbers show that "labor market remains on solid footing." Winograd adds, however, that he sees "no obvious evidence that the economy is overheating." Odds of an interest rate increase are 50-50 after the jobs report, he says.
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