💥💥💥💥💥October 3: Today’s important information:
Non-Farm payrolls came in unexpectedly weak—does this mean stocks, gold, and Bitcoin can all start surging freely?
After the Non-Farm data was released, market expectations for a Fed rate hike in October cooled. In September, the number of new jobs added was only 29,000, the unemployment rate rose to 4.2%, and the hourly wage growth was only 0.1% month over month.
In the short term, the market may get a brief wave of relief—but whether prices can keep rising depends on whether employment is merely easing moderately, or whether it has started to weigh on the economy.
Non-Farm payrolls came in unexpectedly weak—does this mean stocks, gold, and Bitcoin can all start surging freely?
After the Non-Farm data was released, market expectations for a Fed rate hike in October cooled. In September, the number of new jobs added was only 29,000, the unemployment rate rose to 4.2%, and the hourly wage growth was only 0.1% month over month.
In the short term, the market may get a brief wave of relief—but whether prices can keep rising depends on whether employment is merely easing moderately, or whether it has started to weigh on the economy.