Heads up: the US job market just hit a speed bump. Unemployment crept up to 4.3% in August – the highest in nearly four years! 😮💨
Meanwhile, private-sector hiring added only 54,000 jobs, per ADP – well shy of expectations (68,000) and July’s 106,000 pace. That’s a clear slowdown signal.
On Wall Street, stocks dipped, the US dollar cooled off, and Treasury yields slid. Even gold got a lift as investors hunted for safety nets. 💹✨
All bets now on the Federal Reserve: CME’s FedWatch tool shows a high chance of a 25-basis-point (0.25%) rate cut in September, and some are even eyeing a 50-basis-point move.
Bank of America agrees, penciling in quarter-point cuts in September and December, and warning that deeper slowing could mean more easing in 2026.
Over on X (formerly Twitter), Rep. Don Beyer of Virginia blamed these weak numbers on Trump’s tariffs, saying they’re burdening American families with higher prices and fewer jobs. 🏷️💸
Whether you’re tracking your portfolio on Zerodha, eyeing opportunities in Jakarta’s tech scene, or just curious about global ripples, September’s Fed meeting is a must-watch. 🚀
Reference(s):
U.S. job market weakens, analysts see Fed rate cut likely in September
cgtn.com
