Nonfarm payrolls rebounded slightly in August, and the Fed is expected to cut interest rates, but the extent of the cut remains unclear

The U.S. economy added 142,000 jobs, up from July.

The job gains in July raised concerns about an economic slowdown and shook global financial markets.

Meanwhile, the unemployment rate fell slightly to 4.2% in August. The latest nonfarm report did not clearly eliminate the uncertainty of whether Fed officials will cut interest rates by a more traditional 25 basis point or a larger 50 basis point.