A holiday-shortened week awaits investors as the Federal Reserve prepares its next interest rate decision. In honor of Labor Day, which falls on Monday, September 2, the financial markets in the US will be closed. It is “an annual celebration of the social and economic achievements of American workers,” according to the US Department of Labor.

The New York Stock Exchange (NYSE) and the Nasdaq, the two main U.S. stock exchanges, are closed on non-weekend business days known as stock market holidays. These days, which include significant holidays like Thanksgiving and Independence Day, usually fall on official holiday schedules.

On Monday, September 2, the New York Stock Exchange and the Nasdaq will be closed. On Tuesday, September 3, they will open at 9:30 a.m. ET. On Monday, the American bond market will be closed as well.

The regular business hours for both exchanges are 9:30 a.m. to 4 p.m. ET, Monday through Friday. Weekends are a time when markets are closed.

All three major averages ended a volatile month in the green, with the S&P 500 rising 3.9%, the Nasdaq up 4.1% and the Dow adding 2%.

Rate cuts are on the way, or so the market believes. Fed officials, including Fed Chair Jerome Powell, have stated that they intend to decrease the fed funds rate in September.

How quickly and far the Federal Reserve’s key interest rate will fall in the coming months is unclear.

A crucial concern for financial markets is whether the Fed will begin its campaign with a 0.5 percentage point decrease from its current rate of 5.25%-5.5% or a less aggressive quarter-point cut.

However, signs of stickiness in price pressures from the PCE inflation data have diminished bets supporting the Fed to start the policy-easing cycle aggressively. The latest PCE inflation report showed that the core inflation, which excludes volatile food and energy prices, rose steadily by 2.6%.

Policymakers are moving their focus away from attempting to slow the economy with high interest rates to control inflation. Instead, they intend to decrease interest rates to stimulate the economy and keep unemployment from rising.

Meanwhile, lower unemployment claims and an upward revision to second-quarter GDP growth are allaying recession fears.

Next up comes the September 6 payrolls data, which will be the focus and will help shape the narrative for the Federal Reserve’s September 18 meeting.