#PAYROLL | ALERT: The US created only 73,000 non-farm jobs in July, well below the projection of 106,000. Although the number is better than the previous one, the data reinforces signs of a slowdown in the labor market.
The reading is clear: with the economy losing steam, pressure is growing on the Fed to cut interest rates.
Impact: Volatility in the markets, dollar under pressure, and risk assets such as stocks and crypto gaining traction.