Weak +22k new Aug jobs & unemployment up to 4.3% means at least 0.25% Fed cut Sept 17

Fed Chair Powell may see paltry 22k new August jobs as caused by lower immigration, unemployment rising to 4.3% — highest since October 2021 — will likely lead to Sept 17 rate cut of 0.25% or 0.5%.

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– As job market weakens, Fed seen restarting rate cuts this month