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Happy Friday. Stock futures were mixed as investors awaited the August jobs report.

Markets closed higher Thursday amid falling Treasury yields and comments from Federal Reserve Governor Chris Waller, who indicated that he would support holding interest rates steady later this month, barring any surprises in upcoming inflation data.

“A drop in rate hike probabilities after some relatively dovish comments from Fed member Christopher Waller and fall in the US Dollar because of a surging Yen sparked a recovery on Wall Street,” said Kyle Rodda, senior financial market analyst at Capital.com.

“Waller’s comments were relatively balanced, saying his policy bias going forward and especially into the September meeting will be determined by August US inflation data.”

Rodda said that Waller’s openness to the incoming data, coupled with a preference for holding rates steady if disinflation resumes, pushed market pricing for a rate hike this month back to roughly 50%.

The August jobs report is due at 8:30 a.m. ET. Consensus estimates call for the U.S. to have added 55,000 jobs last month, while the unemployment rate is expected to remain at 4.1%.

“The data could determine whether the Fed hikes interest rates this month or not,” Rodda said. “A stronger-than-expected number could remove an obstacle for the central bank to lift rates to tackle above target inflation.”

“However, another downside surprise, similar to the unexpected contraction in jobs revealed last month, could see those probabilities pared back – in a potential ‘bad news is good news’ scenario for risk assets.”