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Jobs: Household Report Is Way Below A Weak Headline Number
Article By:
SchiffGold
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Saturday, May 4, 2024 12:30 AM EDT
The BLS reported a gain of 175k jobs which was below expectations of about 200k. The Household Survey was high last month but came in way below the Headline report with only 25k jobs reported.
How To Make The Most Of Today's Market - Friday, May 3
Article By:
Sheraz Mian
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Friday, May 3, 2024 11:58 PM EDT
Stocks have lost ground lately, with the S&P 500 index losing roughly 5% of its value from its recent record peak. Driving this shift in sentiment appears to be a reassessment of Fed policy in the wake of unfavorable inflation readings.
US Dollar Closes A Losing Week Following Soft NFP
Article By:
FXStreet
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Friday, May 3, 2024 10:30 PM EDT
The US Dollar Index (DXY) is visiting the 105 level with sharp losses at the end of the trading week. This comes after Friday’s report of weak US Nonfarm Payrolls (NFP) figures from April, which made markets dump the USD.
In this article: UUP
Dow Jones Industrial Average Gains 450 Points As Investors Up Rate Cut Bets After Softer NFP
Article By:
Joshua Gibson
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Friday, May 3, 2024 9:30 PM EDT
The Dow Jones Industrial Average gained nearly 1.2% on Friday after a broad miss from US Nonfarm Payrolls) and other key labor data revealed a steep weakening in the US domestic economy, sparking increased bets of rate cuts from the Fed.
Investors Re: Rate Cuts - "So You're Telling Me There's A Chance"
Article By:
Kelsey Williams
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Friday, May 3, 2024 8:00 PM EDT
Investors, like "Lloyd Christmas", dived into the swamp, ignoring hidden risks. Despite a U.S. jobs slowdown, they aggressively bought stocks and bonds.
Are Fed Rate Cuts Still Possible This Year?
Video By:
Russell Investments
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Friday, May 3, 2024 4:30 PM EDT
In this article, we discuss key takeaways from the U.S. Federal Reserve’s (Fed) policy meeting, as well as the market impact. We also provide an update on how the first-quarter earnings season is shaping up around the globe.
How An Eroding Job Market Could Cause Faster Rate Cuts
Video By:
Danielle DiMartino Booth
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Friday, May 3, 2024 3:30 PM EDT
In this video, I break down the unsettling layoff numbers and discuss why job data could push the Fed into cutting rates three times this year.
Jobs Up A Less Than Expected 175,000 In April
Article By:
Mish Shedlock
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Friday, May 3, 2024 1:00 PM EDT
The stock and bond markets are salivating today because nonfarm payrolls are only up 175,000 vs. a Bloomberg Econoday expectation of 243,000. Whether that lasts all day remains to be seen.
Will US Economy Stabilize In Q2 After Two Quarterly Downshifts?
Article By:
James Picerno
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Friday, May 3, 2024 12:00 PM EDT
Preliminary estimates of second-quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth. This estimate should be viewed cautiously this early in the current quarter.
April Jobs Report: Counterbalancing March’s Blockbuster Good Report, The First Significant “ding” To The Soft Landing Scenario In Months
Article By:
New Deal Democrat
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Friday, May 3, 2024 10:34 AM EDT
In the past few months, my focus has been on whether jobs gains are most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration is ongoing; and more specifically:
Weaker US Jobs Numbers Boost Expectations Of A September Rate Cut
Article By:
ING Economics
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Friday, May 3, 2024 9:57 AM EDT
With Fed Chair Powell leaning dovish at Wednesday’s press conference this has breathed new life into Federal Reserve interest rate cut calls
Powell’s, “Let There Be Light” Stock Market (And Sentiment Results)
Article By:
T.J. Hayes
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Friday, May 3, 2024 4:08 AM EDT
Chair Powell came to play yesterday and the market liked it. Is this the bottom in the short term 3-8% pullback we started calling for in Q1 on our podcast|videocast(s)?
In this article: PYPL
Is The NFP Cat Out Of The Bag?
Article By:
Stephen Innes
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Friday, May 3, 2024 3:40 AM EDT
The dovish Powell lean is still reverberating across global markets,
FX Daily: Bearish Dollar Momentum Faces Key Payroll Test
Article By:
ING Economics
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Friday, May 3, 2024 3:10 AM EDT
The post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX.