Jackson Hole Recap

Published on September 3, 2025

Powell’s speech seemed to give an all-clear signal for a cut in September. The speech started with a focus on the softening labor market, concluding it is in a “curious kind of balance” with rising risks of layoffs.

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Jobs In Focus as Market Trends Hold

September 3, 2025
Here’s how I see it going into a critical data week: the inflation gauges landed precisely on expectations while an ugly July trade gap shaves some growth from Q3, and that combination keeps the Fed on a path to cut 25 basis points at the next meeting.

US Department of Labor recovers $107K in back wages for 27 restaurant workers denied overtime pay

September 3, 2025
DENVER – The U.S. Department of Labor recovered $107,300 in back wages from an Aurora-based Thai restaurant that denied 27 employees overtime pay and kept some of their tips, in violation of federal law. Investigators with the department’s Wage and Hour Division determined that owners of Kaimook Inc. – doing business as Pearl of Siam – violated the overtime provisions of the Fair Labor Standards A