Santander Bank: If August employment data is strong, the Fed may give up the idea of ​​cutting interest rates by 50 basis points

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 sluggish job growth in July could discourage ideas for a 50 basis point rate cut next month.

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