Unemployment could spark 50bps cut and 'panic move' by Fed
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- Опубликовано: 15 сен 2024
- ISM's Services PMI (Purchasing Managers' Index) saw the sector grow in August, according to a print of 51.5 which was above expectations for 51.4. "We're putting every data point under a microscope," Freedom Capital Markets chief global strategist Jay Woods tells Madison Mills and Brad Smith on Catalysts, emphasizing the importance of economic data leading into the Federal Reserve's September policy meeting in two weeks.
The US Bureau of Labor Statistics will release August jobs data tomorrow morning, which is projected to be a major influence in how the Fed cuts interest rates in the remaining months of 2024.
"Friday is the biggest unemployment report we've had since the last one, obviously, which came two days after the Fed meeting. And what we learned after that meeting was: One, the Fed didn't really know the data because it came in hot. We were expecting 4.1%, we got 4.3%," Woods says. "Tomorrow, 4.2%. Anything hotter than that? Then this market could take that leg lower and then we could be talking about 50 basis points and a possible panic move by the Fed."
Woods weighs in on the deluge of market events in recent weeks, from the Japanese yen carry trade to spiking volatility (^VIX), that have been bearing down on equities (^DJI, ^IXIC, ^GSPC).
#youtube #news #stockmarket
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Just watched your video discussing AWS54K and I am very excited about this
AWS will atleast beat LINK
this is only crypto project that I see has real use
this is a life changing project
What do you think sets AWS apart from other projects? It seems to be dominating discussions lately
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Why everyone is talking about AWS?
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Happy to invest in AWS together!
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Out of the 100 comments only 1 is from an actual person aside from mine. How sad..
They are all bots messages about a fake scam crypto 🤷🏼♂️🤦🏼♂️
Rice (Japonica variety) is extremely expensive in Japan.
Why isn't America's safe, delicious, and non-GMO Japonica rice imported to Japan with lower tariffs?
Rates are fine. Even 1.6% inflation is ok, and so is 5% unemployment. There should be no hurry to cut.
Maybe from your perspective if you’re comfortably working right now.. meanwhile on TikTok gen Z are posting about applying to 1000s of jobs with no luck, not being able to get even a part-time service job in college without 10 years experience, and generally feeling like they’re already in a full blown recession. I think our economy is just very imbalanced right now, where in some industries things feel either fine to even net positive (healthcare, education, government) but in others it’s becoming increasingly desperate (business services, entertainment, software, housing). Seems to me at this point the rate cuts will do more to help avoid a total fallout of entire industries and cause a potential domino effect into the “safe” industries (and all but ensure an actual full-blown recession) vs risk a couple percentage points increase in inflation. And even on inflation, feels like the consumer has reached a breaking point and trends are moving quickly towards cost-cutting and avoiding unnecessary purchases. A soft landing feels only possible at this point if the Fed is able to have foresight and not just react to a sudden worsening of the economics. And there’s a lot of growing evidence that we’re getting extremely close to that turning point.
@DG-2323
You do know no one will read this.
A reader will go maybe 10 short sentences.
@@killerrabbit2693😅
No real catalyst right now. Stay calm and carry on
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Oh, yeah September is the worst month. The astrologists give better prognosis than this. Will you soon start looking at the stars too?
lol, there were major losses on Monday, so I assume stars work for time to time 😂😂😂. September could be the most volatile month though (best of luck with the stars or whatever other methods you use). 😂😂😂
They were major losses on Monday 😅😅😅, we are not even up to last Fridays prices, maybe you can let us know now what other methods other than stars that might have worked for you 🤪
🕯I'm pessimistic about shorting the Market$ right now, I don't feel like the selling will last very long.
In my town 250 ppl are going to loose there job in November sad
Good¡¡¡US economy is going up day to day¡¡¡
Rally? They should have waited until the end of the trading day to mention that. More like a, "False breakout."
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AWS54K is still extremely undervalued
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Thank you for the insights! Got a 10% profit in just one week from your last tip, OMG!!! Im looking into AWS54K, ETH, and SOL. What’s your advice? AWS54K seems to have potential, but your opinion matters.
Your recommendation led me to AWS54K, expecting huge returns! 🌍