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The Fed can "very comfortably raise interest rates," Hans Olsen, head of investment strategy at Stifel, said in an interview on CNBC's "Squawk on the Street. "
But the Fed is still waiting on Friday's jobs report.
William Nichols, co-head of U.S. equities at Cantor Fitzgerald, said on "Squawk on the Street" that if nonfarm payrolls come in around 180,000 or 200,000, the central bank is much more likely to raise its benchmark federal funds rate. Economists polled by Reuters expect August nonfarm payrolls to come in at 180,000.
"We'll see. A solid jobs number tomorrow, all of a sudden, no other economic data in between, and all of a sudden you could be looking at a September rate hike, which would be interesting," Nichols said.