Market Reaction and Data Trust - The market is likely to react to the surprise in data, potentially leading to back and forth trading sessions [2][3] - The industry continues to trust the data, despite recent revisions and estimations in inflationary reports [5] - Every report needs scrutiny due to the coinciding turn in Fed policy, requiring an overall mosaic approach [6] Fed Policy and Labor Market - The Fed might have acted differently on rate policy with correct data, but full consensus for a cut last week was uncertain [8] - The market perceives the labor market as more important than inflation, a view telegraphed by the Fed [8][9] - Fears of the Fed being behind the curve are expected to escalate into September [9] - Political challenges of elevated unemployment are considered more acute to the Fed historically [11] Investment Strategy - Current guidance advises clients to stay overly diversified, which has driven performance across risk spectrums this year [12] - Fixed income acted as a ballast during the equity drawdown, and some foreign markets have been supportive [12][13] - The industry is constantly looking for opportunities to add or incrementally take down risk depending on the environment [13]

💥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 ...

Monetary Policy Stance - The Federal Reserve decided to maintain the current policy rate, characterizing it as "modestly restrictive" [2] - The committee believes the economy is not being inappropriately held back by the current modestly restrictive policy [3] - The Federal Reserve has made no pre-decisions regarding potential rate adjustments in September [5] Economic Indicators - Inflation is running slightly above 2%, even when excluding tariff effects [2] - The labor market is solid, with historically low unemployment rates [2] - Financial conditions are accommodative [2] Future Considerations - Downside risks to the labor market exist [3] - The Federal Reserve will receive two rounds of jobs and inflation data before the September meeting to inform their assessment of risks and the appropriate federal funds rate [4][5]

Monetary Policy - The Federal Reserve maintained the interest rate range at 425 to 450 basis points [1] - Two governors dissented, favoring a 25 basis point rate cut [1] - Nine votes supported holding rates steady [2] Economic Outlook - Economic growth moderated in the first half of the year [3] - Uncertainty about the economic outlook remains elevated [3][4] - Inflation remains somewhat elevated [4] - The labor market is solid with low unemployment [4] Forward Guidance - The statement does not hint at an imminent rate cut in September [5] - The committee is attentive to risks on both sides of the mandate [4] - Swings in exports continue to affect the data [2]

Bitcoin Holds Steady as Fed Leaves Interest Rate Intact► https://t.co/0ej6xBggur https://t.co/0ej6xBggur ...