Overview

• Unemployment rate has increased from 3.7% to 4.3% over the past year.
• New York Fed survey shows growing job insecurity and dissatisfaction with pay.
• Fed officials express readiness to cut interest rates to prevent further job market weakening.
• Upcoming payroll data revisions and August hiring numbers are critical for Fed's next steps.
• Fed Chair Jerome Powell to address economic outlook at Jackson Hole conference.