And September arrives! | MarketTalk: What’s up today? | Swissquote

August ended on a positive note. Friday’s data showed that the US PCE and the core PCE index stagnated near the levels printed a month earlier instead of a small uptick. Most US and European indices ended August at, or near record high levels, as tech-heavy Nasdaq underperformed. This week, attention shifts to the all-important US jobs data this week – the last one before the Fed is due to start cutting its rates in September. This week’s data, could possibly see stronger-than-expected figures for August, which could further tame the jumbo cut expectations for the Fed and favour the scenario where the Fed would cut its rates by 25bp for the three remaining meetings this year. A sufficiently strong data could even boost the expectation that the Fed will cut only 2 times this year, by a total of 50bp. I believe that there is a greater chance for a hawkish revision in Fed expectations than a dovish one. Listen to find out more!