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  3. US jobs data-good

US jobs data-good

Scheduled Pinned Locked Moved Investments and Portfolios
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  • A Offline
    A Offline
    Adam Kay
    Global Moderator
    wrote on last edited by
    #1

    September added a whopping +250K jobs vs 159k expected, shutting the door firmly on any recessionary fears.

    It's an interesting dynamic, with only 1 month ago the 50bps rate cut was seen as being needed to mitigate against a sluggish economy. You may have read here our thoughts on the wider economy being 'just fine', and now this.

    Futures are up materially too and the dollar has strengthened further +40bps.

    Unemployment is now sitting at 4.05%, well below the red line of 4.3%

    Regards

    Adam

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    • E Offline
      E Offline
      exIM
      wrote on last edited by exIM
      #2

      Great info Adam, here's hoping we see some good market vibes over the coming months

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