Markets Await August Employment Data, Company and Market News
Market reviews
• Whatever the U.S. jobs report shows on Friday, it is bound to have an impact on markets. Such is the strength of the August nonfarm payrolls data, especially after Federal Reserve Chairman Jerome Powell made it clear that policymakers do not want to see the labor market weaken further, paving the way for a possible rate cut.
• Analysts expect new payrolls to rise by 160,000 and the unemployment rate to fall to 4.2%. However, a recent series of soft interim data points to the downside, fueling speculation about a possible big 50 basis point rate cut on Sept. 18.
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