XAU/USD jumps to $4,340 after July Nonfarm Payrolls miss forecasts, fueling bets against further Fed tightening. Gold prices climbed sharply Friday, with XAU/USD rising over 2.3% to $4,340 after US jobs data undershot expectations. The metal reached a high of $4,371, its s
The U.S. Economy Just Experienced Its 5th Largest Month of Job Losses Since 2020 Here's Why It's Both Good and Bad News The July jobs report delivered a surprise to the downside, forcing investors to rethink their view of monetary policy for the rest of the year. Th
Aug 7 U.S. hiring data for July drove financial markets to lower forecasts for the U.S. central bank raising its interest rate target at September's Federal Open Market Committee meeting, after a week in which several Fed officials made the case for lifting rates to tackle...
July nonfarm payrolls fell by 23K, with downward revisions cutting the 3-month average gain to just 20K, signaling labor market softening. US nonfarm payrolls declined by 23K in July, missing expectations of an 80K increase. Downward revisions to prior months left the thre
The New York Fed’s survey shows inflation expectations remained nearly unchanged, easing slightly from June’s 3.7% reading. US consumers’ one-year inflation expectations edged down to 3.6% in July from 3.7% in June, while three- and five-year outlooks stayed at 3.3% and 3.
Federal Reserve official highlights weak balance in jobs data as corporate earnings remain strong amid labor market watch. Richmond Fed President Thomas Barkin stated that recent employment data reflects a labor market in weak balance, characterized by low hiring and low f
Pantheon Macroeconomics economists Samuel Tombs and Oliver Allen project a reassuring July CPI print that should keep the Federal Reserve from tightening policy. The firm is forecasting a 0.07% M/M rise in the headline Consumer Price Index and a 0.17% M/M increase
Quick Read - A hotter-than-expected Aug. 12 CPI print could push Kevin Warsh to support a September rate hike at the FOMC's Sept. 15-16 meeting. - Oil prices surged roughly 21% in July after Iran-related conflict disrupted energy markets, threatening to lift consumer inflation...
Investors now see a 65% chance the Federal Reserve holds rates steady in September following weaker-than-expected employment figures. U.S. job losses in July have sharply reduced expectations for a Federal Reserve rate hike in September. Prediction markets now assign a 65%
July’s 23,000 job decline and downward revisions to prior months push Fed rate hike odds below 50% for September. The US economy lost 23,000 jobs in July, defying forecasts for an 80,000 gain and marking the second straight month of labor market weakness. June’s job growth
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