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US Treasury yields fall as jobs report dashes hike bets
U.S. Treasury yields saw a drop on Friday following an unexpected decline in July's job numbers. Traders subsequently lowered their predictions for an interest rate hike from the Federal Reserve in the upcoming September meeting. While the unemployment rate dipped, labor participation faced a decline, coupled with slower wage increases. This shift in the jobs market could indicate a shift towards a more dovish stance from the Federal Reserve.
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forbes.com
Surprise Drop In U.S. Jobs Shifts Fed Rate Expectations
The U.S. lost 23,000 jobs in July, far below forecasts, while earlier months were revised down—prompting markets to quickly rethink the Fed’s next rate move.
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channelnewsasia.com
Dollar falls against yen after weak US jobs data
NEW YORK, Aug 7 : The dollar fell against major currencies including the yen and euro on Friday after data showed U.S. employment unexpectedly declined in July, raising concerns…
