Express News | USA's factory orders fell by 3.3% in June, larger than expected.
Express News | Offshore renminbi has regained the 7.15 level against the US dollar, rising by nearly 1,000 points intra-day and reaching a new high since January this year. According to China Monetary Network, Onshore renminbi against the US dollar is quoted at 7.1610.
Express News | The panic index VIX rose to 25 for the first time since March 2023.
Non-farm payroll growth in July slowed down beyond expectations, and the unemployment rate unexpectedly increased. The market is betting on a 50 basis point cut in interest rates by the Federal Reserve in September.
The seasonally adjusted non-farm employment in the USA recorded an increase of 0.114 million people in July, which is the smallest increase since April 2024.
Has the Federal Reserve 'crashed' again? What Powell is worried about has happened!
Once the cooling of the job market begins, it is often difficult to stop and the Federal Reserve may already be behind the curve...
Express News | Bank of America expects the Federal Reserve to begin cutting interest rates in September, earlier than the previous expectation of December.