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What to Watch Next

What to Watch Next

With holiday spending forecasts slashed, the tariff legal battle now on the Supreme Court’s doorstep, and rapidly softening labor conditions, the economy is approaching a turning point. Keep an eye on Friday’s August jobs report—a poor showing could cement expectations for a mid-September Fed rate cut, while any surprise positives may offer a temporary breather. For investors, the real question is: Will record-high stock prices meet reality as consumers hold back and policy uncertainty grows?

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