Market Insider

Summer's ending, Fed's back in play and September volatility looms — oh my!

Summer's almost officially over, and it's time to get ready for some rock and roll in the markets.

Now that the Fed has upped the chances for a September rate hike, the quiet dog days of August are ending and markets will obsess about any data that could influence the Fed's decision — including Friday's big August employment report. Economists are expecting about 180,000 jobs were created in August, after July's 255,000, and that's strong enough job growth to tip the Fed's hand if it sees enough other reasons to hike.