According to Jinshi Data, Federal Reserve Chairman Powell emphasized the importance of US employment data to the upcoming monetary easing cycle at the Jackson Hole conference.

Stephen Stanley of Santander said this added importance to August employment data, due on September 6.

He noted that strong August data after subdued job growth in July could discourage the idea of ​​a 50 basis point rate cut next month.

Stanley believes the employment report may be more critical than the August core CPI data.