pull down to refresh
21 sats \ 3 replies \ @siggy47 5 Sep \ parent \ on: Day One of Jobs Report: August private payrolls rose by 99k, far below estimates econ
Do you see a September rate cut? If so, do you think the correction is inevitable regardless?
Yeah I feel the correction is going to come no matter what. The economic data hasn't been terrible but it hasn't been great either. China continues to struggle to rebound, something that I think surprised everyone, and the US isn't going to keep pumping money out like they are (IRA,IIJA) and Congress is looking at passing a CR for the rest of the year meaning the budget is going to be flat.
I think Powell will have to make a cut and it will be announced this month but its going to be small at 25 basis points. Something he can point out at and say hey look at what I did but also wont really effect anything. 50 would cause some market chaos and spook investors
reply
reply
I am trying to recall if there are any big economic announcements coming the next couple of weeks beyond the jobs numbers tomorrow and I don't think so. Oil prices I think could be a big sign esp if we see a collapse of them due to a demand shortage via China. If that hits the market could spiral and spiral real quick
reply