A week before the Federal Reserve's policy meeting, important economic reports are expected to demonstrate the strength of the US economy, despite a temporary slowdown in job growth.
The upcoming employment report is projected to show a modest increase of 110,000 payrolls, which is significantly lower than the average gain of 200,000 seen this year. This decline is due to disruptions caused by two hurricanes and a work stoppage at Boeing.
The unemployment rate is expected to remain unchanged at 4.1%, reflecting the ongoing challenges in the labor market. These developments will be crucial as Fed officials consider the pace of interest rate cuts in response to the current economic landscape.