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August Jobs Report to Influence Federal Reserve's Rate Cut Decision

New employment data will play a crucial role in determining the size of the expected interest rate cut amid mixed economic signals.

  • Economists predict a gain of 161,000 jobs and a slight dip in unemployment to 4.2%.
  • The labor market shows signs of slowing, with job openings and hiring rates declining.
  • Federal Reserve to decide on rate cuts during the September 17-18 meeting.
  • Investors and markets are closely monitoring the report for recession indicators.
  • A significant rate cut could alleviate borrowing costs but may not immediately impact the economy.
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