JUST IN: 🇺🇸 September rate cut probabilities spike to 90%. https://t.co/SbCSPNqzAq ...

the three-month moving average, healthc care has actually created on average 68,000 jobs. The total payroll is 35,000. Meaning it's created 200% of the uh of of the jobs.Meaning you have a service economy, not you think about is healthcare interest rate sensitive, it's demographically sensitive. So you don't really I mean you think the interests sensitive parts of the economy are under some pressure. Lower income who are the borrowers in this economy are having a tough time.So would I have cut. Yes, I would ...

You do think the setup is largely about September and how they line that up. And you point out that some of the data has been reassuring. Some of it does point to maybe some below potential growth, right.Yeah. Look, um, we know what's happening this week, right. The Fed is not going to cut.They're going to stick to the wait and see through the summer approach, make the decision in September. Though the two Trump appointees, Waller and Bowman, will, I think, descent in favor of an immediate cut. So yeah, the ...

Let's start perhaps with the data side of things. Is there going to be a market fallout. It doesn't appear as though right now, but there is going to be a ripple effect and can we trust the data going forward.So, I think the next few days after you're seeing a considerable degree of surprise on Friday, you you very likely will see some market reaction. You're not going to solve this overnight because this is a revision off of several months of data. and the markets were caught by surprise in an environment ...

💥BREAKING:THERE'S NOW 89.1% CHANCE OF A RATE CUT IN SEPTEMBER. 🚀 https://t.co/IQXWiMUdXq ...

Market Overview - US stock market experienced a significant decline, with the Dow Jones Industrial Average dropping 601 points, a decrease of 0.74%. The S&P 500 fell by 0.37%, while the Nasdaq Composite plummeted by 473.75 points, marking its largest drop since April. The total market capitalization of US stocks evaporated by over $1 trillion [1][2]. Employment Data - The US Labor Department reported that non-farm payrolls increased by only 73,000 in July, falling short of expectations. The unemployment rate slightly rose to 4.2%. Additionally, previous months' employment figures were revised down significantly, with May's job additions revised from 144,000 to just 19,000, and June's from 147,000 to 14,000 [5]. Federal Reserve Implications - Due to the disappointing employment data, the probability of a 25 basis point rate cut by the Federal Reserve in September surged from 37.7% to 75.5% [5]. Gold Market Reaction - In response to the market conditions and economic data, gold prices surged over 2%, closing at $3,362.64 per ounce [3]. Political Developments - President Trump criticized the Bureau of Labor Statistics and called for the dismissal of its director, Erica McEntyre, alleging that employment data was artificially inflated ahead of the 2024 elections. He also suggested that Federal Reserve Chairman Jerome Powell should resign [5][6].

Chile’s economic activity unexpectedly fell for the second straight month in June on a plunge in mining, as the central bank signals that it will gradually reduce its interest rate over coming quarters https://t.co/acgoEETsaz ...

Market Overview - U_S_ equities表现不一，市场对美国经济的强劲报告做出反应[1] - 市场等待美联储的利率决策[1]

香港金管局维持基本 利率在4.75%不变。 ...

uh bring in Charles Schwab's Kevin Gordon, High Tower Adviserss Stephanie Link and former Federal Reserve Governor Frederick Michigan. Um Stephanie and Fred uh Frederick are both CNBC contributors. And we are going to hear from uh from Steve Leeman who was in the room in just a moment.And Professor Michigan, I'd love your takeaway on on Pal's comments there. I mean, he he seemed to withhold any uh any indication that he's leaning toward a cut in September and in fact at one point said, "Hey, we're already l ...