nonfarm payrolls 162000

US equity futures slipped on Labor Day as fresh tanker attacks in the Strait of Hormuz pushed Brent crude toward $98 a barrel — its highest in seven weeks. Markets now price a near 60% chance the Fed hikes rates on September 16, with Friday’s CPI the decisive print. The yen surged to a seven-month high, copper hit a record, and ASX 200 futures point to a flat open.

US nonfarm payrolls blew past expectations at 162,000 — nearly three times consensus — sending Fed rate hike odds above 60% and dragging the S&P 500 lower. Over the weekend the US–Iran tanker war escalated dramatically in the Strait of Hormuz, with oil set for further gains. All eyes now turn to next Friday’s CPI report, the decisive number for the September 16 FOMC meeting.