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. ]