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:
Trending News & Crypto World
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$1.029
Market Cap
$24.6B 0.42%
24h Volume
$363.6M
Supplies
24.0B / ∞
Current Price
$1,303.61
Market Cap
$22.3B 4.37%
24h Volume
$1.3B
Supplies
17.0M / 21.0M
Current Price
$80.242
Market Cap
$17.9B -0.22%
24h Volume
$663.3M
Supplies
955.3M / 1.0B
Current Price
$0.08113
Market Cap
$12.7B 0.10%
24h Volume
$589.2M
Supplies
156.3B / ∞
Current Price
$616.29
Market Cap
$11.6B 6.53%
24h Volume
$100.4M
Supplies
18.8M / ∞
Current Price
$1.000
Market Cap
$10.2B -0.10%
24h Volume
$133.7M
Supplies
10.2B / ∞
Current Price
$81.158
Market Cap
$9.6B 0.82%
24h Volume
$100.0M
Supplies
293.4M / 400.0M
Current Price
$12.441
Market Cap
$9.6B 1.71%
24h Volume
$243.4M
Supplies
1.0B / 1.0B
Current Price
$0.2234
Market Cap
$8.4B 0.80%
24h Volume
$283.4M
Supplies
45.0B / 45.0B
Current Price
$9.040
Market Cap
$8.3B -0.06%
24h Volume
$143.1K
Supplies
985.2M / ∞
Current Price
$5.235
Market Cap
$6.9B 6.64%
24h Volume
$1.2B
Supplies
1.3B / ∞
Current Price
$0.1826
Market Cap
$6.4B 0.98%
24h Volume
$116.5M
Supplies
50.0B / ∞