The Fed is going to pause in September, and we are going to prepare for a monumental November policy rate decision, notes Joe Brusuelas. He talks about how the probability of recession has receded even though housing and manufacturing hit a bottom. He dives into the latest labor market data, as well as what the latest jobs report means for the Fed. He then goes over the health of the U.S. workforce. He highlights that the markets are mixed following the August jobs report. Tune in to find out more about the stock market today.
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