[Chain News] PANews, September 6th - According to data platforms, after the significant downward adjustment of US Non-farm Payrolls (NFP) in July, the August non-farm employment data again fell significantly short of expectations. With the JOLTS and ADP employment data released this week both showing weakness, and the overseas market anticipating a substantial downward revision of the NFP benchmark by the BLS, the expectation for a rate cut by the Fed in September has been largely established before the data release. Following the data release, the 2-year Treasury yield in the US fell again by about 11BP, while the overseas market began to show expectations of a 50BP rate cut in September or consecutive rate cuts, the US dollar index weakened, and the cooling pressure on the economic fundamentals led to adjustments in the US stock market.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
IntrovertMetaverse
· 8h ago
fell again, it's over, it's over.
View OriginalReply0
VibesOverCharts
· 15h ago
屮 Another rate cut? The monster of stagflation is coming.
The US Non-farm Payrolls (NFP) data is weak, and the market is warming up to the expectation of a rate cut in September.
[Chain News] PANews, September 6th - According to data platforms, after the significant downward adjustment of US Non-farm Payrolls (NFP) in July, the August non-farm employment data again fell significantly short of expectations. With the JOLTS and ADP employment data released this week both showing weakness, and the overseas market anticipating a substantial downward revision of the NFP benchmark by the BLS, the expectation for a rate cut by the Fed in September has been largely established before the data release. Following the data release, the 2-year Treasury yield in the US fell again by about 11BP, while the overseas market began to show expectations of a 50BP rate cut in September or consecutive rate cuts, the US dollar index weakened, and the cooling pressure on the economic fundamentals led to adjustments in the US stock market.