MACRO: U.S. sheds 23,000 jobs in July vs. 80,000 gain forecast; odds of September Fed hike fall from 55% to 46%
AI Market Summary
July U.S. payrolls unexpectedly declined by 23,000 versus expectations for an 80,000 gain, shifting rates expectations and reducing the implied probability of a September Fed hike from 55% to 46%. Softer labor data typically eases financial conditions via lower front-end yields and a more dovish policy path, supporting risk assets in the near term while raising concerns about growth momentum.
Impact level
● High
Affected assets
NCSIDOWJONES2USD/USDT-0.22%
AI Insight · NCSIDOWJONES2USD/USDTAI Insight
▲ Bullish
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MACRO: The U.S. economy lost 23,000 jobs in July, sharply missing expectations for an 80,000 increase. Markets repriced the outlook for policy tightening, with the implied probability of a Federal Reserve rate hike in September slipping from 55% to 46%.
