US August Non- Farm Employment Data Expected to influence Market Sentiment

The upcoming release of US August non-farm employment data, projected to show between 100,000 and 208,000 new jobs (median: 163,000), is expected to play a key role in shaping market sentiment. The unemployment rate is anticipated to decline slightly to 4.2%. Market participants are closely watching the data, especially after July’s report triggered a capital market sell-off.

Federal Reserve Chair Jerome Powell recently reiterated that while the Fed’s policy path is clear, the pace and timing of rate cuts will depend on economic data and evolving risks.