August Jobs Report: Will Strong Payrolls Ease Rate Hike Fears?
The US labor market report for August is set to be released on Friday at 1330 BST, with expectations of a reading of 58k in payrolls.
A strong jobs data can ease rate hike fears and have a significant impact on financial markets, including stocks and bonds.
The Federal Reserve will also take into account other economic indicators such as the ISM services report, which showed a stronger-than-expected reading for last month.
However, one-off factors like the loss of Temporary Protected Status for Haitians in the US could weigh on NFPs and lead to a downside surprise.