BARCLAYS: JOBS DATA WON’T SWAY POWELL’S HAWKISH STANCEBarclays said Friday that recent U.S. jobs numbers are unlikely to change Fed Chair Jerome Powell’s cautious approach on rates, despite markets betting on a September cut. The bank expects only one 25bp cut in December and thinks investors are overly confident about a September move, misreading the Fed’s view of labor market strength.Powell recently called policy “only modestly restrictive” with a “solid” labor market. Even with July’s slower job growth and 4.2% unemployment, Barclays sees no sign hawkish FOMC members are shifting. September remains a “close call,” but the bank will watch Jackson Hole remarks for clues.