US Jobs Data Will Help Fed Gauge Extent of Moderation: Eco Week

(Bloomberg) — Upcoming readouts on the US labor market, including the monthly payrolls report, will give Federal Reserve policymakers insight into the need for further interest-rate reductions after an all-but-certain cut in a little more than two weeks. With inflation slowing – although still running faster than the Fed's goal – Chair Jerome Powell has telegraphed a September rate cut and said that officials "do not seek or welcome" further cooling in the labor market. Weeks earlier, government figures showed lower-than-expected July job growth and the highest unemployment rate in nearly three years. This coming Friday, the August jobs report…