Investor confidence rebounded on Thursday on Wall Street, fueled by indications of a slowdown in the labor market in August, affirming predictions of an interest rate cut by the Federal Reserve during its upcoming meeting on Sept. 17. The ADP National Employment Report revealed an addition of only 54,000 jobs in August, a sharp drop from the 106,000 seen in July and significantly below the anticipated 65,000. Economists are now anticipating that the official nonfarm payrolls report on Friday will demonstrate a creation of merely 75,000 new jobs, nearly unchanged from July's 73,000, a rate insufficient for sustaining economic expansion. Consequently, the likelihood of a rate cut surged, with markets now pricing in a close to 100% probability of a 25-basis-point cut this month, as per CME FedWatch Tool data. The possibility of a second cut before the end of the year rose to 90%. Treasury yields also decreased, with the 30-year yield dropping.