Overview

• At 10 a.m. ET, the BLS releases its preliminary benchmark revision to nonfarm payrolls, with economists warning the 12 months through March could show up to roughly one million fewer jobs.
• August’s weak payroll gain of 22,000 has investors pricing a near‑certain September rate cut, with CME FedWatch showing a 25‑basis‑point move as most likely and low‑teens odds of 50 bps.
• The dollar has slid to multi‑week lows, Treasury yields have eased toward four‑month troughs, and gold set a new record above $3,659 as equities hover near highs.
• PPI on Wednesday and CPI on Thursday are the final major inflation readings before the Sept. 16–17 FOMC meeting and are expected to influence the size of the initial cut and the easing path.
• Analysts say crypto and other high‑beta assets face a binary setup this week, with cooler data favoring Bitcoin and risk appetite and hotter prints likely pressuring altcoins and broader risk.