The suspense of the Fed's interest rate cut in September may have to wait until the last moment to be revealed! The U.S. stock market wants to see a 25 basis point cut.
The latest employment data did not resolve the market's debate over the extent of the Fed's interest rate cut in September; however, the employment report did intensify concerns about a cooling labor market.
usa Qualcomm inflation whistle-blower: non-farm report is not particularly bad, 50% probability of a 25/50 basis point rate cut on September.
Summers said that the August non-farm employment report in the United States was not particularly bad. The numbers in the non-farm report definitely didn't show any obvious weakness, but if there are concerns about the recent trend in statistics, they definitely did not provide evidence of a healthy economy.
The non-farm unemployment rate did not surprise, but the dovish tone of important officials from the Federal Reserve was loud. Why did the US stocks fall sharply on Friday?
"The New American Union News Agency" said that the non-farm payrolls cannot indicate the magnitude of the interest rate cut in September, and the Federal Reserve's voting members did not explicitly speak out about a 50 basis point rate cut in September, which may disappoint the market. Some analysts also say that the market has entered a new paradigm, shifting its focus from inflation to growth, and economic bad news is now unfavorable for the stock market.
US stocks close | On the "non-farm day", US stocks plummeted, with the Nasdaq down 2.55%, and NVIDIA down more than 4%; US bonds surged, with Brent oil hitting a nearly three-year low.
The poor non-farm payroll data in August may lead the Fed to support a significant interest rate cut. The S&P fell 1.7% for the week, dropping over 4%, while the Dow fell 1% for the week, dropping nearly 3%, and the Nasdaq fell 2.6% for the week, dropping 5.8%, entering a technical consolidation phase.
Express News | Federal Reserve Director Woller: If the conditions are appropriate, advocating for a "precautionary" interest rate cut.
US stock market morning session: The three major indices are mixed, with Dow Jones Industrial Average and S&P 500 rising; Broadcom falls more than 9% after its earnings, Tesla falls about 2%, and Apple rises nearly 1%.
China concept stocks are mixed, with NIO Inc up nearly 4%, pdd holdings up nearly 1%, while li auto inc drops more than 1%. The non-farm payrolls in the USA increased by 0.142 million in August, lower than expected, paving the way for the Fed's interest rate cut in September.