The market is holding its breath 💸
August non-farm payrolls just crushed it +162,000 vs the ~55-56k expected. Unemployment held steady at 4.1%.
The labor market still has real momentum.
Now all eyes turn to today’s CPI (August data). With the FOMC meeting just days away (Sept 15-16) and the funds rate sitting at 3.50–3.75%, this print will decide the next move.
A hot CPI tips the scale toward a 25 bp hike. Soft or in-line keeps the Fed on hold. The jobs that have already raised the bar inflation has to cooperate if they want to stay put.
I’m personally very cautious and bullish on the economy but selective on assets.
Strong jobs + sticky inflation = higher-for-longer rates.
That favors quality names with pricing power and real assets over pure growth stories.
#CPIWatch
$XAU
August non-farm payrolls just crushed it +162,000 vs the ~55-56k expected. Unemployment held steady at 4.1%.
The labor market still has real momentum.
Now all eyes turn to today’s CPI (August data). With the FOMC meeting just days away (Sept 15-16) and the funds rate sitting at 3.50–3.75%, this print will decide the next move.
A hot CPI tips the scale toward a 25 bp hike. Soft or in-line keeps the Fed on hold. The jobs that have already raised the bar inflation has to cooperate if they want to stay put.
I’m personally very cautious and bullish on the economy but selective on assets.
Strong jobs + sticky inflation = higher-for-longer rates.
That favors quality names with pricing power and real assets over pure growth stories.
#CPIWatch
$XAU
