US Stock Market Outlook: US August non-farm payrolls below expectations, short-term rise in three major futures indices! Traders raise expectations for the Federal Reserve to cut interest rates this year.
Broadcom fell more than 6% pre-market, Q3 semiconductor business revenue growth slowed, Q4 revenue guidance is below expectations; Citigroup trader: The Fed will not hesitate to cut interest rates, expected to cut 50 basis points at each of the three meetings this year.
Did the US non-farm payrolls prior value be significantly revised downward, opening the door for aggressive interest rate cuts by the Federal Reserve?
The US job growth in August was lower than expected, and the employment growth in June and July was significantly revised down. The probability of a 50 basis points rate cut by the Federal Reserve in September has increased to over 50%.
The probability of a 50 basis point rate cut soaring! The employment numbers in the USA rebounded in August as expected, with a significant downward revision of the previous value.
The August non-farm employment rebounded as expected to 0.142 million, lower than the expected 0.16 million; the unemployment rate fell to 4.2%, in line with expectations; After the data was released, the probability of a 50 basis point rate cut by the FOMC in September rose above 50%; The yield on the 10-year US Treasury bond further plunged to 3.66%, and the pre-market decline in US stock futures narrowed.
The August non-farm data in the USA was lower than expected, causing a collective decline in the three major stock index futures. | Key points tonight.
①The number of non-farm jobs in the United States increased by 0.142 million people in August, estimated to increase by 0.165 million people; ②It is reported that Qualcomm is exploring the acquisition of part of Intel's chip design business; ③Faraday Future announced that it has received a financing commitment of $30 million.
Express News | Federal Reserve's 'third in command' Williams: It is appropriate to lower the federal fund rate at the moment.
Express News | Traders believe that there is a 50% chance of the Fed cutting interest rates by 50 basis points this month.