Wall Street may get a jumbo-sized Federal Reserve rate cut after another horrid U.S. jobs report.

Investors are fretful heading into the August payrolls report.

The August jobs report could be a market-moving event, with the data impacting how investors see the economy and the outlook for Federal Reserve rate cuts.

Wall Street may get a jumbo-sized Federal Reserve rate cut after another horrid U.S. jobs report.

After the U.S. economy added just 22,000 jobs last month, BofA altered its forecast of no rate cuts this year to now seeing two quarter percentage point moves.

A half-point cut is “now in play,” some analysts say.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

The S&P 500 and Nasdaq both briefly hit record intraday highs Friday before tumbling on a weaker August jobs report.

If the Fed cuts rates later this month — a move it'll almost certainly make — it'll be a stitch, just in time, to save investors more than a dime.

“The broader market psychology has shifted," Convera’s George Vessey says. "The question is no longer if the Fed will ease, but how fast."