Jobs Report Shocks Market: Fed Rate Cut Incoming?

Did Friday's shocking US jobs report just guarantee a Fed rate cut? August hiring numbers plummeted to a mere 22,000, sending markets into a tailspin as investors bet on a September 17th rate cut. Stocks dipped, gold surged, the dollar weakened, and bond yields fell as the world grappled with the unexpectedly soft data and its potential impact on the economy. Hosted on Acast. See acast.com/privacy for more information.