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Why Weak US Payrolls Could Have Been Weaker
The US job market is definitely weakening below most estimates of lowered breakeven rates in light of tighter immigration policy. When paired with Chair Powell’s pivot at Jackson Hole, the result cements a rate cut on the 17th. The residual questions are how big and/or how frequent. First, the results. Payrolls were up by only 22k (107k in four months) and very close to Scotia’s below consensus estimate within very noisy bands. It’s the fourth month in a row for weak payrolls (chart 1). The reasons were somewhat mixed in terms of the data drivers. In my opinion, they are less mixed in terms of the broad macro ... (full story)
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From finance.yahoo.com|Sep 5, 2025The Bureau of Labor Statistics downplayed a lockdown of its online databases after warning of technical difficulties in the moments before the release of the closely watched ...
From @DeItaone|Sep 5, 2025|8 commentsBESSENT SAYS FED MUST CHANGE COURSE - WSJ BESSENT SAYS 'MISSION CREEP' THREATENS FED INDEPENDENCE - WSJ US Treasury Secretary Bessent: The Fed tool kit is too complex to manage - WSJ. US Treasury Secretary Bessent: When the Trump Administration shifted toward tax cuts and deregulation, the Fed's forecasts were too pessimistic - WSJ. Bessent: The Fed has placed its own independence in jeopardy. The Fed "must scale back the distortions it causes in the economy." "Unconventional policies such as quantitative easing should be used only in true emergencies, in coordination with the rest of the federal…
From zerohedge.com|Sep 5, 2025|4 commentsRate-cut expectations surged this morning following the weak labor market signals from the payrolls report with 2025 now pricing in 3 full cuts... chart As we predicted, the ...
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From kitco.com|Sep 5, 2025Following a monthly all-time close in August last Friday above $3500, Gold Futures have begun the historically turbulent month of September by hitting new all-time highs above ...
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- Sep 5, 2025 11:43am Posted byFundamental Analysis5,440
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