Non-farm payroll growth rebounded slightly in August, and the Federal Reserve is expected to cut interest rates, but the extent of the rate cut remains unclear

On September 6th, according to the Wall Street Journal, the US job growth rebounded slightly in August, but the Federal Reserve is still expected to start cutting interest rates at its interest rate meeting in two weeks. According to the Bureau of Labor Statistics, the US economy added 142,000 jobs, up from July. July's job gains have sparked fears of an economic slowdown and shook the global financial marekt. Meanwhile, the unemployment rate fell slightly to 4.2% in August. The latest non-farm payroll report did not clear away the uncertainty of whether Fed officials will cut interest rates by the more traditional 25 basis points or by a larger 50 basis points.