Market preview

Labor day, market closed, upcoming job data 

Key information

• Last week PCE data came out as expected at 0.2%, which can be more confident for cutting rates.

• Job data will be crucial for rates decision and expectation of recession, due to the rising unemployment rate, 3.8% to  4.3% in 5 months, which caused the market crash.

• September is historically the worst month for global stocks.

US Labor market indicators resources

1. Unemployment rate, Non farm Payroll, JOLTS etc. Bureau of Labor Statistics

2. Employment Trend Index. The Conference Board

3. Key Indicators of the Labour Market. INTERNATIONAL LABOUR OFFICE