Solid US job growth could keep Fed rate hike on tap

The US economy kept its jobs machine humming in July with solid growth that looked likely to leave the Federal Reserve on track for an interest rate increase this year. "In the last six years the American people have worked really hard to bounce back from the worst economic crisis since the Great Depression," President Barack Obama said. In another positive sign, job growth in May and June was stronger than first thought, by a combined 14,000 payrolls.