TIMIRAOS says ahead of the Sep 15-16 FOMC meeting Fed officials have signaled inflation data will be the decisive factor for any rate move. He adds a strong August payrolls print does not change that framework but removes one obstacle to tightening: if August had continued July’s payroll contraction, the case against hikes would have been stronger. Friday’s report reversed July’s decline and pushed six-month average hiring to its highest in over two years, eliminating that counterargument.