Non-farm payroll data confirms Waller and Bowman's case for rate cuts: labor market shows signs of weakness

PA一线
PA一线
PANews reported on August 1st that according to Jinshi, US labor data supported calls for monetary easing, sending Treasury yields and the dollar down. The 10-year Treasury yield was 4.295%, and the 2-year Treasury yield was 3.801%. US jobs increased by only 73,000 in July. The unemployment rate rose slightly from 4.1% to 4.2%. Meanwhile, previous data were significantly revised downwards: May's job gains were revised down from 144,000 to 19,000, and June's job gains were revised down from 147,000 to 14,000. Before the release of the jobs report, dissenting Federal Reserve Governors Waller and Bowman indicated signs of labor market weakness. The US dollar plummeted in response to the jobs data.
Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Telegram Discussion Group
Telegram News Channel
@PANews
Recommended Reading
PA一线

PA一线

Analysis: Bitcoin outperformed US stocks amid macroeconomic turmoil, suggesting the crypto market may be gradually emerging from its period of extreme pessimism.
交易时刻

交易时刻

Trading Moments: Crude oil, the US dollar, and US Treasury yields all rose amid the war, while Bitcoin held steady above $70,000 despite macroeconomic headwinds.
PA一线

PA一线

Bloomberg strategists reiterate that Bitcoin could fall to $10,000, while industry insiders counter that unless extreme events such as nuclear war occur.
PA一线

PA一线

Analysis: Bitcoin demonstrates significant resilience, and options trading suggests that market concerns about a potential crash have eased.
PA一线

PA一线

British media: The G7 will hold an emergency meeting today to discuss coordinating the release of strategic petroleum reserves to stabilize oil prices.
PA一线

PA一线

Analysis: The Iran war has triggered a surge in the probability of a US stock market crash, prompting hedge funds to aggressively increase their short positions.

Popular Articles

Industry News
Market Trends
Curated Readings
Subscribe
PANews App
24/7 blockchain news tracking and in-depth analysis.
Download PANews App
App StoreGoogle Play