Markets are watching August NFP, with a baseline of +74k and unemployment rising to 4.3% from 4.2%. July’s +73k and -258k revisions intensified political pressure on the BLS. Cooling labour demand—Job Switchers wage growth at 4.3% y/y and NFIB reporting easier hiring—supports a 17 Sep Fed cut. Upside surprises or data-quality doubts could curb dovish pricing and keep volatility high.
04-09-2025 10:35 GMT
by Łukasz Zembik