The suspense of the Fed's interest rate cut in September may have to wait until the last moment to be revealed! The U.S. stock market wants to see a 25 basis point cut.
The latest employment data did not resolve the market's debate over the extent of the Fed's interest rate cut in September; however, the employment report did intensify concerns about a cooling labor market.
Summers: No Red or Green Light for the Fed
Jared Bernstein on Jobs Reports Economic Impact
usa Qualcomm inflation whistle-blower: non-farm report is not particularly bad, 50% probability of a 25/50 basis point rate cut on September.
Summers said that the August non-farm employment report in the United States was not particularly bad. The numbers in the non-farm report definitely didn't show any obvious weakness, but if there are concerns about the recent trend in statistics, they definitely did not provide evidence of a healthy economy.
The August Jobs Report Dashes Hopes for a Big Interest-Rate Cut
S&P Slumps to Worst Week in Over 1-1/2 Years Amid September Blues, Growth Concerns
that follow her hate Trump but love his ideas as long as they come from. Hell just vote for Trump cause that’s what your basically doing any way!!
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