With the economy a top concern for voters, Trump is likely to pounce on Friday’s headlines about U.S. jobs and the stock markets.
Former President Donald Trump is holding a rally on Saturday afternoon in Mosinee, Wisconsin, one day after U.S. stocks tumbled following an August jobs report that fell short of economists‘ expectations.
The S&P 500 together with the Dow recorded their most significant weekly decline since March 2023. Similarly, the Nasdaq experienced its largest weekly drop since January 2022.
Data from the U.S. Labor Department revealed a less-than-expected performance in the jobs sector in August, with only 142,000 jobs added versus analysts‘ forecasts.
Trump, the GOP’s presidential nominee, is scheduled to begin his remarks around 2 p.m. ET at the Central Wisconsin Airport. The rally can be streamed on the Right Side Broadcasting Network (RSBN) website or RSBN’s YouTube page.
The former president is running slightly behind Democratic nominee Vice President Kamala Harris in Wisconsin, a key swing state in this year’s election. With the economy a top concern for most voters, Trump is likely to pounce on Friday’s headlines about the economy and stock markets.
The recent economic reports left the market guessing about whether the Federal Reserve would cut interest rates by 25 basis points or 50 basis points at a meeting in September, Subadra Rajappa, head of U.S. rates strategy at Societe Generale, told Bloomberg in an article that published Friday.
Adding to the economic uncertainty was a series of revisions to past data that wiped out previously reported job growth.
