Wolfe Research forecasts August US payrolls at 65,000, exceeding consensus

Wolfe Research projects August non-farm payrolls at 65,000, slightly above the 55,000 consensus, with unemployment rising to 4.16%. The firm suggests market volatility will likely remain contained unless results deviate significantly from the 40,000–100,000 range, noting that upcoming inflation data remains the primary driver for the September FOMC decision.