INVESTORS LOOK FOR MORE AGGRESSIVE US RATE CUTS AFTER WEAK JOBS DATA
https://media.zenfs.com/en/reuters-finance.com/1e431083a100fb409a7bc7a45df87e5d
✍️ Investors are calling for accelerated monetary easing, including a possible jumbo interest rate cut, after a weak US payrolls report showed the economy is slowing.
👉 Investors expect a possible jumbo interest rate cut this month 👉 Fed Chair Jerome Powell hinted at risks in the labor market 👉 The report showed a paltry 22,000 jobs added in August, below estimates 👉 Investors piled into US Treasuries, sending yields lower 👉 The dollar index fell to a near six-week low
-- #JeromePowell #JackAblin #JimBaird #BenjaminFord #BlairShwedo #MarkMalek #SlawomirSoroczynski #GeorgeCipolloni #PhilBlancato #MelissaBrown #NewYork #business
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