Gold, stocks and the US Dollar are set for a wild ride. Live coverage. Join XStreet Premium and ask analysts questions live and Gold alerts, signals and more. Why Nonfarm Payrolls eyed with fear and hope ahead of the rate cut Federal Reserve Chair Jerome Powell said he will do everything he can to support the labor market – a big shift from the focus on inflation. While markets know the Fed will cut rates later this month, the size of the cut is unknown.
Investors will also see the unemployment rate, which rose to 4.3% in July, as an indicator of the health of the world's largest economy. The data comes out at the end of a short and busy week in the US, the back to school period after Labor Day. Trading liquidity has risen substantially.
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