Here are the most important news items that investors need to start their trading day.
A help wanted sign on a storefront in Ocean City, New Jersey, US, on Friday, Aug. 18, 2023. Surveys suggest that despite cooling inflation and jobs gains, Americans remain deeply skeptical of the president's handling of the post-pandemic economy. Photographer: Al Drago/Bloomberg via Getty Images
Check your calendar: It's the first Friday of the month, which means investors are waiting for jobs data from the Department of Labor. Economists polled by Dow Jones expect that the U.S. economy added 170,000 jobs in August, a slight slowdown from the 187,000 created in July. Meanwhile, average hourly wages are expected to rise 0.3% month over month, down from a gain of 0.4% in July. The report could provide clues on what the Federal Reserve will do at its September meeting.
, traders are pricing in a less than 15% chance of a rate hike this month. However, a hotter-than-expected nonfarm payrolls report could increase those odds.A pharmacist displays boxes of Ozempic, a semaglutide injection drug used for treating type 2 diabetes made by Novo Nordisk, at Rock Canyon Pharmacy in Provo, Utah, U.S. March 29, 2023.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wet weather chances continue through early SaturdayThursday night, Friday and Friday night will have the highest coverage.
Read more »
Coverage of rain rises Friday into early SaturdayThursday night, Friday and Friday night will have the highest coverage.
Read more »
Alabama is cutting its grocery tax Friday: How much will you save?Alabama’s grocery tax is set to decrease Friday.
Read more »
Chicago Friday Morning Swim Club canceled after dispute with park districtDays after hundreds showed up to an “unofficial” version of the popular Friday Morning Swim Club at Montrose Harbor, the organizers announced Tuesday there will be no more official dips this summer season.
Read more »
Friday Morning Swim Club canceled for rest of the summerOrganizers made the announcement on Instagram saying, 'We will not host any additional swims due to last Friday's events...'
Read more »