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August Jobs Report: Will Strong Payrolls Ease Rate Hike Fears?

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NFP
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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.

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