Need to Know: Why this morning’s jobs report won’t be a make-or-break moment for stocks

Time’s almost up, if you’re still looking for summer fun or hoping for a September rate hike.

Ahead of the Labor Day weekend and its last-gasp barbecues, everyone is buzzing about how this morning’s jobs report is — or isn’t — huge for markets and the Fed.

Yesterday’s yesterday’s weak ISM figure “pulled the rug out from under the Fed’s feet,” financial blogger Macro Man believes. And that makes today’s big release no longer a make-or-break moment.

August is the most amended month for nonfarm payrolls. So this initial reading, like all those first glimpses at the employment situation, is just another “big lie,” warns The Reformed Broker’s Josh Brown.

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