CNBC Pro

Disappointing August jobs report could slow the Fed taper and increases twin fears for the economy

A sign advertising job openings is seen outside of a Starbucks in New York, May 26, 2021.
Andrew Kelly | Reuters

The surprise slowdown in the pace of job creation in August signals the Federal Reserve may be less likely to move toward tapering its bond program in September, as it waits to see whether it is a temporary reaction to the summer's Covid outbreak or a deeper problem for the economy.

More In Pro Insight

Citi names 6 global stocks that capture both 'defensive growth and value'
CNBC ProCiti names 6 global stocks that capture both 'defensive growth and value'
BlackRock unit tells investors it's time for a new portfolio playbook
CNBC ProBlackRock unit tells investors it's time for a new portfolio playbook
watch now
Pro Picks: Watch all of Thursday's big stock calls on CNBC
watch now
VIDEO10:44
CNBC ProPro Picks: Watch all of Thursday's big stock calls on CNBC