Reported about 1 month ago
Wall Street is keenly anticipating the August employment report due on September 6, with PNC Financial Services' chief economist Gus Faucher predicting an addition of around 170,000 jobs and a slight drop in the unemployment rate to 4.2%. Faucher suggests these figures would indicate a consistent trend of slowing inflation and economic growth, potentially prompting the Federal Reserve to reduce rates by 25 basis points at the upcoming meeting.
Source: YAHOO