š„ US Non-Farm Payrolls (NFP) for September:
+119K (expected +50K, previous +22K / -4K)
Unemployment: 4.4% (expected 4.3%) ā highest since 2021!
šĀ The rundown:
The stats are much stronger than expected ā best job growth in five months. Healthcare, services, and food sector are leading.
š» Transport, logistics, and manufacturing are still losing jobs ā the structural split continues.
ā¼ļøĀ But the labor market isn't invincible:
Rising unemployment is a worrying sign. The Fed now faces a choice between the risk of inflation and cooling the economy. The December meeting is a real puzzle ā uncertainty is at its peak.
ā”ļø Market reaction ā so-so.
Volatility is down. Indices bounced slightly. Thereās a fleeting hope for a rate cut, but the negative scenario is already priced in.
š”Ā Main question:
Will the Fed cut rates in December?
ā Crypto is staying cautious, reacting with a moderate drop.
ā Risk appetite hasnāt returned. Liquidity isnāt fixed.
š§© Sideways is our new reality
Donāt expect a big drop ā the marketās waiting for a trigger.
š© P.S.: Trump already started pressuring Powell ā midterms are coming! If anything turns the game, itāll be a political pump under the Christmas tree š
š
Whatās your Fed rate scenario for December? Drop your thoughts in the comments!
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