Reported about 1 month ago
August's financial markets experienced significant turbulence driven by recession fears and market instability, particularly following a weaker-than-expected jobs report. Despite a major drop in the Dow Jones, which fell over 2,100 points in early August, the month ended positively as the Federal Reserve hinted at an upcoming interest rate cut. The forthcoming jobs report will greatly influence the Fed's decision, with expectations of a slight decrease in the employment rate. The report's outcomes could either pressure the Fed to opt for a larger cut or maintain a more conservative approach.
Source: YAHOO