📢 Americans are playing it right… Job data is weak, and markets are on fire!
The US jobs report for August brought shocking numbers:
📉 The economy added only 22,000 jobs in non-farm sectors (expectations were 75,000!).
📈 The unemployment rate rose to 4.3% instead of 4.2%.
💵 The average wage increased by 0.3% monthly and 3.7% annually.
🔥 Key details:
The biggest growth came from education and health services (+46,000 jobs).
Losses in durable goods (-19,000) and business services (-17,000).
The government sector lost 16,000 jobs.
💡 The additional shock:
Trump fired the head of the Bureau of Labor Statistics after revisions eliminated 258,000 jobs from May and June! 😮
And nominated E.J. Anthony from the "Heritage" Foundation to replace her.
📊 Market bets now:
The probability of a 25 basis point rate cut at the meeting on September 17 = 99.5% ✅
There are also expectations for a larger cut of 50 basis points after the numbers are released!
📈 Markets are at peak activity:
S&P 500 ↑ 1%
Nasdaq ↑ 1.8%
Dow Jones ↑ 0.4%
And Broadcom stocks are on fire after announcing orders worth $10 billion for AI chips! 🚀
💬 The question here:
Will the Fed cut rates by 25 or 50 basis points at the September meeting?
Share your prediction! 👇
