JUST IN: 🇺🇸 The US economy showed clear signs of weakness in August as non-farm payrolls increased by only 22,000 jobs, well below expectations of 75,000. The unemployment rate climbed to 4.3%, the highest since October 2021, signaling a rapidly cooling labor market. Markets reacted immediately, with Bitcoin and gold moving higher, US Treasury yields dropping to five-month lows, stock futures gaining, and the dollar weakening. With the labor market losing momentum, investors now see an almost certain rate cut from the Federal Reserve at its September 16–17 meeting.

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