To reduce the market’s expectations of a rate hike in October
These labor statistics bureau non-farm employment data are basically tailor-made for this exact purpose!
July’s figure was revised from +21,000 down to -10,000
August’s was revised from 162,000 down to 133,000
So the total new jobs added in July and August, combined, are now 60,000 lower than before the revision
Then in September it delivered another 29,000
It’s not just a little below expectations of 90,000
I’d like to ask—what happened in the U.S. in September?
A mid-September rate hike was enough to knock the non-farm data out of commission?
Is it really that “effective”?
This head of the labor statistics bureau was newly appointed by Trump!
He took office in mid-August, and soon after that he started changing the data like this?
Such convenient data successfully pulled U.S. Treasury yields down a bit!
Then U.S. stocks hit a new high again!
Isn’t this just the same playbook from September—a repeat of last month? Various media interpret that there won’t be a rate hike, and in the end there is. This month has the same script too!
All kinds of interpretations say no rate hike—then in the end, they still have to hike!
$NVDA
These labor statistics bureau non-farm employment data are basically tailor-made for this exact purpose!
July’s figure was revised from +21,000 down to -10,000
August’s was revised from 162,000 down to 133,000
So the total new jobs added in July and August, combined, are now 60,000 lower than before the revision
Then in September it delivered another 29,000
It’s not just a little below expectations of 90,000
I’d like to ask—what happened in the U.S. in September?
A mid-September rate hike was enough to knock the non-farm data out of commission?
Is it really that “effective”?
This head of the labor statistics bureau was newly appointed by Trump!
He took office in mid-August, and soon after that he started changing the data like this?
Such convenient data successfully pulled U.S. Treasury yields down a bit!
Then U.S. stocks hit a new high again!
Isn’t this just the same playbook from September—a repeat of last month? Various media interpret that there won’t be a rate hike, and in the end there is. This month has the same script too!
All kinds of interpretations say no rate hike—then in the end, they still have to hike!
$NVDA