The Globe and Mail reports in its Monday, Sept. 9, edition that the uncertainty surrounding the U.S. economy is causing volatility in the markets as investors grapple with a shift in Federal Reserve policy, a tight U.S. election and concerns about overvalued assets. A Reuters dispatch to The Globe reports that U.S. stocks fell after jobs data revealed a slowdown in labour market momentum, raising fears about achieving a soft landing for the economy. The Fed's expected interest rate cut and signs of weakening risk appetite are contributing to market volatility. The Cboe Market Volatility index, also called Wall Street's "fear gauge," hit its highest level in nearly a month on Friday. Several factors threaten to compound the market's uncertainty. Though futures bets on how much the Fed will cut rates later this month showed investors pricing in a nearly 75-per-cent chance of a 25-basis-point reduction, the issue remains far from settled. LPL Financial's Quincy Krosby says, "Markets have had to grapple with -- just as the Fed is doing -- whether the August payroll data reflects a labour market normalizing toward pre-COVID levels or whether it is indicative of an economy losing dangerous momentum."