31.   A significantly stronger-than-expected June jobs report would suggest the Fed may raise the funds rate as soon as its August meeting.

32.   A stronger-than-expected U.S. employment report released Friday reinforced expectations the Federal Reserve will again raise the federal funds rate to keep inflation from accelerating.

33.   A. The report enhances the probability we will see another full point reduction in the Federal funds rate.

34.   Broaddus is a voting member of the Federal Open Market Committee, which sets the target for the federal funds rate on overnight loans among banks.

35.   But committee members were more inclined to raise the federal funds rate on overnight bank loans if needed to combat any signs of accelerating inflation.

36.   But he said the Federal Reserve would have to boost its bellwether federal funds rate sooner or later.

37.   But he said the economy is likely to show signs of slowing before the Fed has to take any action, such as raising the federal funds rate.

38.   But that is because investors are already betting that the Fed will raise the target for the funds rate by at least half a percentage point.

39.   But the weak tug from the high real fed funds rate indicates that Asian influences may not slow the economy as much as many forecasters expect.

40.   By following suit and raising its benchmark fed funds rate, the Fed hopes to tap the brakes on the fast-paced U.S. economy.