Five Things You Need to Know to Start Your Day
Jobs day is here, Manchin demands pause on $3.5 trillion bill, and Fauci calls for three doses.
All eyes are on today's nonfarm payrolls report for a window into the strength of the economic recovery, not to mention clues on where monetary policy is headed. Economists expect the U.S. added 725,000 jobs in August, a more moderate pace compared with the past two months but stronger than gains seen early this year. A bigger-than-expected number could fuel bets that the Federal Reserve will speed up the rollback of its bond-buying program, while a weak report could do the opposite. Meanwhile, Fed Chair Jerome Powell got a boost in his quest for a second term with an endorsement from House Budget Chair John Yarmuth of Kentucky.