Market panic over US economy – Commerzbank

Friday's US jobs report provided more fodder for critics who say the Fed missed the right time to cut interest rates for the first time. Job growth in July was much weaker than expected, June's figure was revised downwards and the unemployment rate rose from 4.1% to 4.3% – ultimately triggering the Sahm rule, Commerzbank’s FX strategist Michael Pfister notes. Two Fed rate cuts in September and November “The release was followed by a flurry of action.

There has even been talk of an emergency cut ahead of the September meeting.” “Fortunately, after this exciting week, we should be in for a quieter few days. Hopefully, once the excitement has settled a little, market participants will realise that expectations have gone a little too far. I'm not saying that the jobs report didn't give me cause for concern. Clearly, the labour market has weakened in recent months, which does not bode well for the US growth advantage.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Texas’ economic growth is cooling off amid slowing labor market, fed report saysTexas’ economy has seen continuous outsized growth in recent years. But the state’s economic projections are beginning to soften, according to the Federal...
Fonte: dallasnews - 🏆 18. / 71 Leggi di più »

Over $500 Billion Gone From Crypto Markets Since Friday: Here Are the Biggest Losers (Market Watch)Crypto Blog
Fonte: Crypto_Potato - 🏆 568. / 51 Leggi di più »

Jim Cramer's top 10 things to watch in Friday's rough stock marketWall Street was tracking for an ugly open Friday as a weak jobs report exacerbated recession fears.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

5 things to know before the stock market opens FridayHere are five key things investors need to know to start the trading day.
Fonte: nbcchicago - 🏆 545. / 51 Leggi di più »