Payrolls Kill Waller's "Fed Pause" Party As Oil, Yields, & AI Earnings Whipsaw Markets This Week

In this news:

Tl;dr: The week began with the market confronting an unpleasant combination - renewed war-driven energy inflation, a global sovereign-bond rout, and a hawkish Fed (Warsh J-Hole) - and ends with a blockbuster payrolls report removing what remained of the “growth is too weak to hike” argument. Equities ended flat, briefly helped by Fed's Waller) and supported by AI and software earnings (dude you're getting a DELL). The dollar dumped (yentervention?), gold and bitcoin's gains were punched in the face by payrolls, but the underlying message was considerably less benign: oil is back near $95, diesel is at record highs, global borrowing costs are still testing multi-decade highs, and investors are moving cash out of US equity funds and into money markets.

The Payrolls Report Just Put A September Fed Hike Back On The Table

Share the article:

Top Trending Cryptocurrencies on The Market

Current Price

$1.029

7 Days
FIGR_HELOC 7 days: -0.96%

Market Cap

$24.6B 0.42%

24h Volume

$363.6M

Supplies

24.0B / ∞

Current Price

$1,303.61

7 Days
ZEC 7 days: +18.39%

Market Cap

$22.3B 4.37%

24h Volume

$1.3B

Supplies

17.0M / 21.0M

Current Price

$80.242

7 Days
HYPE 7 days: +2.18%

Market Cap

$17.9B -0.22%

24h Volume

$663.3M

Supplies

955.3M / 1.0B

Current Price

$0.08113

7 Days
DOGE 7 days: +1.78%

Market Cap

$12.7B 0.10%

24h Volume

$589.2M

Supplies

156.3B / ∞

Current Price

$616.29

7 Days
XMR 7 days: +14.8%

Market Cap

$11.6B 6.53%

24h Volume

$100.4M

Supplies

18.8M / ∞

Current Price

$1.000

7 Days
USDS 7 days: +0.04%

Market Cap

$10.2B -0.10%

24h Volume

$133.7M

Supplies

10.2B / ∞

Current Price

$81.158

7 Days
WBT 7 days: +3.16%

Market Cap

$9.6B 0.82%

24h Volume

$100.0M

Supplies

293.4M / 400.0M

Current Price

$12.441

7 Days
LINK 7 days: +3.26%

Market Cap

$9.6B 1.71%

24h Volume

$243.4M

Supplies

1.0B / 1.0B

Current Price

$0.2234

7 Days
ADA 7 days: +1.4%

Market Cap

$8.4B 0.80%

24h Volume

$283.4M

Supplies

45.0B / 45.0B

Current Price

$9.040

7 Days
LEO 7 days: -0.01%

Market Cap

$8.3B -0.06%

24h Volume

$143.1K

Supplies

985.2M / ∞

Current Price

$5.235

7 Days
NEAR 7 days: +12.47%

Market Cap

$6.9B 6.64%

24h Volume

$1.2B

Supplies

1.3B / ∞

Current Price

$0.1826

7 Days
XLM 7 days: +1.84%

Market Cap

$6.4B 0.98%

24h Volume

$116.5M

Supplies

50.0B / ∞

Notifications Login to see

Today

No Notifications

↑