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Gold Rallies, Yen Surges, Treasury Yields Fall As Disappointing Payrolls Data Supports Large Rate-Cut Bets

benzinga.com
submitted
8 mos ago
byblackbeardsshiptofinance

Summary

U.S. private employers added 99,000 jobs in August, the lowest reading since January 2021. The outcome fell short of the predicted 140,000, highlighting a cooling in labor market conditions. Challenger Job Report recorded 75,891 job cuts in August — a sharp 193% increase from the 25,885 cuts in July.

IShares 20+ Year Treasury Bond ETF TLT was 0.3% higher at 9:00 a.m. in New York. U.S. major indices are set to open slightly in the red.

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2 Comments

2
kaiserseahorse
8 mos ago
Come ooon rate cuts!
2
blackbeardsshipOP
8 mos ago
End of September!