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The U.S. Department of Labor has just released its August jobs report with surprising numbers: nonfarm payrolls rose by 162,000, nearly triple the 56,000 forecast by experts. The labor market’s unexpectedly strong resilience immediately prompted investors to reverse their monetary policy expectations.

These figures reinforce the view that the U.S. economy remains resilient, largely shutting down arguments in favor of pausing monetary tightening. According to data from CME and the swaps market, the probability of the Fed raising rates by 25 basis points at the September meeting has jumped to 60.3% - 65%, rather than remaining unchanged as previously expected.

In an immediate reaction, U.S. stock futures fell across the board. Dow Jones E-mini futures dropped 152 points (-0.28%) and S&P 500 E-mini futures declined by more than 17 points (-0.22%). Rising bond yields and the stronger U.S. dollar are putting pressure on risk assets as the market reprices a longer-than-expected interest rate path.

For the crypto market, pressure from hawkish monetary policy will continue to compress liquidity in the short term. Investors $BTC and altcoins should remain cautious amid choppy volatility as market sentiment shifts from expectations of easing to a defensive stance ahead of the upcoming rate hike.

#fed #lai_suat #viec_lam

The U.S. Department of Labor has just released its August jobs report, with nonfarm payrolls increasing by 162,000 jobs, three times higher than analysts’ forecast of 53,000 to 56,000. Notably, July employment figures were also revised upward, reflecting the unexpectedly hot state of the U.S. labor market.

This report immediately completely reversed expectations for monetary policy. According to data from LSEG and the swap market, the probability that the U.S. Federal Reserve (Fed) will raise interest rates at the September 16 meeting quickly rose above 60% (reaching 61%), jumping from a 50-50 chance before the data was released. Pressure for tightening is returning much more strongly than expected.

In an immediate reaction, the U.S. dollar index (DXY) surged 0.5% to a high of 99.932, pulling EUR/USD down to 1.1583. In the stock market, Dow Jones futures fell 152 points (-0.28%) and the S&P 500 dropped 17.25 points (-0.22%) as fears grew that funding costs would remain elevated.

For the crypto market, expectations of higher interest rates and a recovering USD often create short-term liquidity withdrawal pressure. $BTC and risk assets may face a correction or sharp volatility as capital shifts to a defensive stance ahead of the Fed's September meeting.

#fed #lai_suat #viec_lam

A report on private sector employment by the US ADP for August was released, showing an increase of only 38,000 jobs—the lowest growth rate since January. This actual figure is significantly lower than the expected 48,000 jobs forecast by experts and it declines from the 44,000 figure recorded in the previous month.

ADP employment data is often seen as an early indicator ahead of the important Non-Farm Payrolls (NFP) report. The clear slowdown in job growth reflects that the US labor market continues to cool under the impact of interest rates remaining high. This further reinforces the pressure on the US Federal Reserve (Fed) to consider the monetary policy easing path more carefully in upcoming meetings.

Right after the data was released, the immediate reaction in financial markets was relatively calm. Spot gold fell slightly by $1.2 to $4,332, while silver remained around the $64.35 mark. Cautious sentiment still dominates as investors want to wait for the official NFP report to more clearly shape expectations for the US dollar and bond yields.

For the crypto market, the cooling signal from the labor market in the medium term is a positive supporting factor. Easing disinflationary pressure and expectations of rate cuts will help free up liquidity flows, giving risk assets such as $BTC c additional momentum to rebound after the choppy accumulation phase. 📊

#ADP #viec_lam #kinh_te_vi_mo