Is the job market loosening? Non-farm payrolls unexpectedly decline. Will the Federal Reserve still raise interest rates in September?

The highly anticipated non-farm payroll report unexpectedly underwhelmed, showing a decline in U.S. job growth for July, while employment data for May and June were also significantly revised down. The market has begun to question whether the Federal Reserve will raise interest rates next month. Differences among institutions regarding the Federal Reserve's final interest rate level for the end of the year are also intensifying.