The employment report 🇺🇸 is not bad
Just like ISM Services yesterday
They seem pretty consistent (so far) with the soft landing scenario
However, the probabilities of a 50 bps rate cut at once at the next meeting have climbed considerably in the minutes following the publication of the figures, which could reflect certain market fears about the US economic trajectory
#bullish
Just like ISM Services yesterday
They seem pretty consistent (so far) with the soft landing scenario
However, the probabilities of a 50 bps rate cut at once at the next meeting have climbed considerably in the minutes following the publication of the figures, which could reflect certain market fears about the US economic trajectory
#bullish
7 months ago
