🚨 Negative NFP in August, the Fed is almost certain to cut interest rates.



📌 August created only 22,000 jobs, much lower than expected; the June figure was revised to -13,000 for the first time since 2020, the United States recorded negative job growth.
📌 The unemployment rate rises to 4.3%, the highest in 4 years (
📌 Employment sharply decreased in manufacturing, construction, wholesale, and the federal sector, while only healthcare saw a slight increase.
📌 An average of only 29,000 jobs/month in the past 3 months, indicating that the market is almost frozen.

It is almost certain that rates must be cut in September, now it's just a matter of 25bps or 50bps.
NFP0.69%
CHO-1.08%
GT-0.9%
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