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US job worries intensify calls for immediate Fed rate cuts
Weak jobs, rising unemployment, slowing wages, falling hours worked The August jobs report is softer than hoped. Non-farm payrolls rose just 22k versus the 75k consensus. There were 29k of upward revisions to the past two months, but even if we add those back in it is still a modest downside miss. Unemployment ticked up to 4.3% from 4.2% as expected, but underemployment (people who want to work more hours) rose faster to 8.1% from 7.9%, hours worked fell to 34.2 hours and wage growth slowed to 3.7% year-on-year from 3.9% – so it is soft everywhere. The details show private education and health adding 46k and ... (full story)
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From kitco.com|Sep 5, 2025Central bank demand for gold may have slowed through the summer, but official purchases remain a dominant force in the market. El Salvador underscored this trend as its central ...
From @FirstSquawk|Sep 5, 2025|24 commentsFED GOOLSBEE: I'M STILL UNDECIDED ON SEPTEMBER RATE DECISION Fed’s Goolsbee: We’d Be Nervous If We Started To See Layoffs – BBG TV - Also Have To Look At Inflation Side Of Fed's Mandate - Wants To Make Sure Services Inflation Uptick Is A Blip Fed's Goolsbee: I still think we're likely in the full-employment space. GOOLSBEE: GETTING SHOCKS PUSHING US IN STAGFLATIONARY DIRECTION
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From @realDonaldTrump|Sep 5, 2025|21 comments
Europe today “hit” another great American company, Google, with a $3.5 Billion Dollar fine, effectively taking money that would otherwise go to American Investments and Jobs. This is on top of the many other Fines and Taxes that have been issued against Google and other American Tech Companies, in particular. Very unfair, and the American Taxpayer will not stand for it! As I have said before, my Administration will NOT allow these discriminatory actions to stand. Apple, as an example, was forced to pay $17 Billion Dollars in a Fine that, in my opinion, should not have been charged — They should get their money back! We cannot let this happen to brilliant and unprecedented American Ingenuity and, if it does, I will be forced to start a Section 301 proceeding to nullify the unfair penalties being charged to these Taxpaying American Companies. Thank you for your attention to this matter!DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES OF AMERICA Trump Says He Might Initiate a Section 301 Action to Cancel Unfair Penalties Imposed on American Companies
From vtmarkets.com|Sep 5, 2025Gold has experienced a strong breakout, continuing a long-term bull market trajectory that began post-pandemic at $2000. After reaching a record high of $3500 in April and a ...
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- Sep 5, 2025 2:02pm Posted byFundamental Analysis5,090
