The main U.S. equity indexes, poised to open lower following a series of announcements from President Donald Trump about new tariffs, sank Friday after incoming data showed the labor market may not be as solid as Federal Reserve officials believe it is. And just like that, a September rate cut is back to being more probable than not.
Indeed, according to Friday's jobs report, nonfarm payroll employment "changed little in July and has shown little change since April" following "larger than normal" revisions to estimates for May and June.
