Overview
- U.S. employers added 162,000 jobs in August, with Friday's report lifting market odds of a 25‑basis‑point Fed increase at the Sept. 15–16 meeting to roughly 57–60%.
- Major U.S. indexes finished the day mixed to lower as rising Treasury yields pushed the 10‑year yield toward the high‑4% range and weighed on growth stock valuations.
- Oil prices climbed after fresh U.S.–Iran hostilities and reported disruptions through the Strait of Hormuz, adding a near‑term inflation risk that could influence Fed choices.
- Federal Reserve Governor Christopher Waller said he would support holding the policy rate if inflation shows continued progress, which means the Sept. 11 CPI print has become the key data point before the meeting.
- Strategists including Barclays are advising investors to trim risk, add hedges and favor quality stocks ahead of historical September weakness and a wave of AI IPOs that could trigger profit‑taking in concentrated leaders such as Nvidia.