Size of Fed rate cut 'a coin flip': Strategist

The August jobs report fell short of economist expectations, adding only 142,000 jobs versus the anticipated 165,000. NYSE Senior Market Strategist Michael Reinking joins Morning Brief to discuss his outlook following the report.
Reinking notes that today's jobs print did not solidify either a 25 or 50 basis point cut, calling it "a coin flip." He points out improvements in the headline payrolls number, but suggests that downward revisions from July offset the positive outlook. Regarding the unemployment rate, he comments that "the bar was very low."
"Unfortunately, I don't think it gives you a definitive answer from a Federal Reserve perspective. There's a lot of would've, could've, should've," Reinking told Yahoo Finance, though he personally believes a 25 basis point cut will materialize.
As for market outlooks, Reinking suggests it's harder to say that easing monetary policy will significantly impact markets. He notes, "We're not getting a clear signal from the markets" right now.
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