Briefings

Week InReview: September 6, 2024

All eyes on much-awaited US jobs report.

Jobs wait | The wait is almost over for US jobs data that will be key to the Federal Reserve's decision to cut interest rates. Ahead of Friday's release, the S&P 500 Index and two-year Treasury yields — among the most sensitive to policy expectations — fell in tandem for a third straight day. The nonfarm payrolls figures are expected to show that hiring and wage growth picked up in August. They will come after a private report from ADP on Thursday showed that the US added the fewest jobs since 2021. While the private figures have been a poor prognosticator of payrolls in recent years, the correlation between the two data sets has been improving.

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