🇺🇸 The US employment data came out worse than expected, the American economy created 73,000 jobs in July, below the expectations of 106,000.
- The American labor market showing signs of slowing down, could be the signal that pushes the FED to lower rates in the next meeting.
- Trump has continued between yesterday and today to insult and pressure Powell about interest rates and saying that the other members of the FED should act and "do whatever it takes".
📊 After the bad data, CME estimates again see a 25 basis points cut as the most likely for September 17.