The economy is expected to have added 165,000 jobs in July, a drop of about 60,000 from July and possibly the start of a more moderate hiring trend.
The fed funds futures market went from pricing in just over 50% odds of a September hike Thursday morning to nearly 100% by Thursday afternoon.
"Everything points to a kind of a down-the-fairway report," said Mark Zandi, chief economist at Moody's Analytics. "We will probably see a decline in the unemployment rate and it will notch back toward 3.5%. It indicates the economy that is just growing at potential." Some economists were more optimistic about July's job creation. Goldman Sachs economists forecast 190,000 nonfarm payrolls, with 10,000 to 20,000 government jobs added due to the census.
France Dernières Nouvelles, France Actualités
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