🚨 🇺🇸 U.S. JOBS REPORT BLOWS PAST FORECAST AS 162K PAYROLL GAIN RESETS THE RATE DEBATE August payrolls jumped 162K versus 55K expected, unemployment held at 4.1%, and June-July revisions added another 55K jobs. BLS also showed participation rising to 61.6% and wages up 3.1% year over year. This is stronger than the headline alone: hiring broadened while unemployment stayed flat, giving the Fed less reason to rush toward easier policy. The clean trade is higher front-end Treasury yields and a firmer dollar. Gold loses support as rate-cut expectations get pushed back.
Naeem AslamShare
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