🌺July U.S. Nonfarm Payroll data hits—straight-up cold shock!
Market expectations were for an increase of 80,000 jobs, but instead it came in 23,000 fewer. In the past two months, employment data also kept shifting downward significantly.
In simple terms: U.S. employment is starting to cool, and the market is already betting again that the Fed will cut rates 😂
I feel the market isn’t that simple though—whether the optimistic outlook can actually materialize still needs more observation.
Do you think this round of nonfarm payrolls will give the broader market a push? Drop a comment and let’s chat!
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