Goldman Sachs had been calling for Federal Reserve rate cuts this December and early next year—until a strong May jobs report changed everything. Now, the bank has removed both anticipated cut dates, leaving markets to reconsider what lies ahead for monetary policy.

The former commissioner of the Bureau of Labor Statistics, Erika McEntarfer, was recently removed from her position after a controversial jobs report showed 250,000 fewer jobs than previously recorded. She cautions that any political interference in economic data could erode public confidence and have widespread consequences.

The Department of Labor’s internal watchdog is investigating the Bureau of Labor Statistics (BLS) after President Donald Trump fired its commissioner, Erika McEntarfer, following a lackluster jobs report. This probe aims to examine how the BLS compiles its data and why the recent employment figures triggered such a strong response.

Employers likely added around 80,000 new positions last month, signaling a slowdown in the labor market. The report follows a previously disappointing release that led President Donald Trump to dismiss the chief economist in charge and nominate a loyalist to fill the role.

Stock futures are staying relatively steady as Wall Street looks to the August jobs report for potential market-shifting insights. The S&P 500 registered a record-high close, while the Dow and Nasdaq also posted gains despite cooling labor signals.