The 187,000 gain in non-farm payrolls, jump in the unemployment rate and slowdown in wage growth in August all add to the evidence that labour market conditions are approaching pre-pandemic norms. This reinforces our view that the Fed’s next move will be an interest rate cut in the first half of next year.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.