U.S. August seasonally adjusted non-farm payrolls: previous value 8.9 (11.4 revised down to 8.9) expected 16 announced 14.2

[The data once again points to a recession]

Federal Reserve Board member Waller:

If appropriate, will support "early" interest rate cuts.

[Under what circumstances will an emergency interest rate decision be made in advance of the statutory interest rate window? When a financial crisis breaks out. ]