🇺🇸 Strong Jobs Data Puts the Fed Under Pressure
August’s U.S. payroll report showed 162,000 new jobs, far above the 55,000 expected. Adding to the pressure, the previous month’s employment figures were revised upward.
After a notably hawkish speech at the Jackson Hole Symposium, Kevin Warsh may now face a difficult choice. With inflationary and labor-market signals pointing upward, keeping rates unchanged could risk undermining the Fed’s credibility.
Markets are now pricing in around a 60% probability of a 25-basis-point rate hike at next week’s meeting, up from just 44% a month ago.
📈 Stronger employment + higher rate expectations = a potentially tougher environment for risk assets.
#FederalReserve #Fed #InterestRates #USJobs #Payrolls #Markets #Economy #Investing
August’s U.S. payroll report showed 162,000 new jobs, far above the 55,000 expected. Adding to the pressure, the previous month’s employment figures were revised upward.
After a notably hawkish speech at the Jackson Hole Symposium, Kevin Warsh may now face a difficult choice. With inflationary and labor-market signals pointing upward, keeping rates unchanged could risk undermining the Fed’s credibility.
Markets are now pricing in around a 60% probability of a 25-basis-point rate hike at next week’s meeting, up from just 44% a month ago.
📈 Stronger employment + higher rate expectations = a potentially tougher environment for risk assets.
#FederalReserve #Fed #InterestRates #USJobs #Payrolls #Markets #Economy #Investing