šØ Nonfarm Payrolls Data Hits Rock Bottom! š
According to Bloomberg, todayās Nonfarm Payrolls report reveals the worst hiring rates since 2020. Whatās driving this decline? Major strike actions at Boeing Co. and the impact of recent hurricanes are taking a toll.
What does this mean for the Fed?
With the chances of a pause at the next Federal Reserve meeting at 0%, a 25 bps rate cut is looming, boasting a 98.3% probability!
As the market braces for potential shifts, keep an eye on how these developments could influence your investments.
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