What the reaction to Friday’s jobs numbers will tell us about this market

Tomorrow’s (Friday) report on job growth for September will be scrutinized for clues on whether or not the Federal Reserve will raise interest rates at the December 16 meeting of its Open Market Committee. But as interesting and important as the jobs numbers themselves might be, I suggest that you watch the market’s reaction to the numbers as carefully as the numbers themselves

At 173,000 jobs for August, markets are left twisting in the wind over timing of a Fed move on interest rates

The problem is that you can argue these numbers either way. Either the disappointing jobs total and almost invisible inflation will keep the Fed on the sidelines, or the Federal Reserve will decide the June and July revisions plus the potential for August revisions signal a strong enough labor market to justify a 25 basis point interest rate increase.

Economy added 215,000 jobs in July; Fed interest rate increase in September more likely, market says

Companies added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3%, the U.S. government announced today, August 7. The financial markets are behaving today like this report confirms the growing consensus of a September increase—but a very modest increase that would be usher in a very slow flight path toward higher interest rates