US jobs report just dropped and it's kinda mid tbh
57k jobs added vs expectations that were way higher. Market was pricing in something closer to 160k lmao
Unemployment at 4.2% tho which sounds fine until you realize the labor force participation is still cooked
So what does this mean? Fed's probably gonna pivot harder. Weak jobs = rate cuts coming. Risk assets should pump on this but honestly the macro setup is getting weird
Everyone's gonna spin this their own way but bottom line: economy's slowing down faster than expected and Powell's running out of excuses to keep rates high
57k jobs added vs expectations that were way higher. Market was pricing in something closer to 160k lmao
Unemployment at 4.2% tho which sounds fine until you realize the labor force participation is still cooked
So what does this mean? Fed's probably gonna pivot harder. Weak jobs = rate cuts coming. Risk assets should pump on this but honestly the macro setup is getting weird
Everyone's gonna spin this their own way but bottom line: economy's slowing down faster than expected and Powell's running out of excuses to keep rates high