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It All Comes Down To One US Jobs Report
If you ask highly-paid forecasters, the US economy probably added 165,000 jobs in August.
That's the bar to clear for the headline NFP print on September 6, when the size of the first Fed rate cut will effectively be decided. The unemployment rate's seen slipping to 4.2%.
A consensus read on job creation would mark a pick up from the prior month's pace. Not that anyone needs a reminder, but the July 2024 US jobs report already lives in infamy: It was one of several catalysts for the fleeting b
Labor itself is more concerned with the breakfast table than the things that Lyngen and Hartman are concerned with.
The fed is mandated to concern themselves about the labor market. I know George Bush’s quoted as saying the It’s the economy stupid
But to purposely put people out of work because of electioneering concerns;
Disgusting!
Tent cities seem to have had an effect on Powell. He is well aware of how close to the edge many families live. Too many of these freaking suits have no clue.
Just for the record, that phrase was used against GHWB.
https://en.wikipedia.org/wiki/It%27s_the_economy,_stupid
My guess is good news = good, bad news = good, awful news = bad.
H-Man, we know that Powell and the Fed are not friends of Trump (in light of how Trump went after him when Trump was president) so if you assume it will be 80 or 100 this year no matter what, why not 50 in September if there is a weak NFP print ( assuming rates being cut is inevitable)?
I don’t buy the theory that 50 will tank the stock market, yeah it will hurt but it won’t sink the boat.