US Economy Loses 23,000 Jobs, Gold Jumps 3%: What Do Prediction Markets Say About Rate Hikes?

The U.S. lost 23,000 jobs in July, far shy of forecasts for a gain of 80,000

U.S. lost 23,000 jobs in July (vs. +80,000 forecast); June downwardly revised to +20,000 from +57,000. Weak labour data likely keeps Fed rates steady, signalling stable financing costs for enterprise IT capex, hiring, and tech M&A.