{"id":7430,"date":"2025-09-08T09:43:17","date_gmt":"2025-09-08T09:43:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/7430\/"},"modified":"2025-09-08T09:43:17","modified_gmt":"2025-09-08T09:43:17","slug":"u-s-employment-consolidates-weakness-dollar-and-bonds-correct","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/7430\/","title":{"rendered":"U.S. employment consolidates weakness; dollar and bonds correct"},"content":{"rendered":"<p>                        U.S. jobs report misses; yields tumble<\/p>\n<p data-block-key=\"3nhgf\">The U.S. economy added 22,000 jobs in August, well below the 75,000 expected. The unemployment rate rose to 4.3%, in line with the forecasts. The report points to cooling hiring and rising slack\u2014conditions that reinforce expectations for a September rate cut.<\/p>\n<p data-block-key=\"5ehoa\">Post-release, major equity indices dipped modestly while the U.S. The dollar index fell 0.54%. The 2-year and 10-year Treasury yields retreated to weekly lows. Payroll gains are near five-year lows, and joblessness is the highest since September 2021.<\/p>\n<p>2-year Treasury yields break key support<\/p>\n<p data-block-key=\"eiea9\">The 2-year yield fell through a key support area near 3.50%. Because the 2-year is highly sensitive to policy rates, the break suggests that markets see monetary easing as imminent. The 2s\u201310s curve widened by roughly 50 bps, reflecting a view that the tightening cycle is effectively over and that longer-term growth\/inflation expectations are stabilizing.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" alt=\"2-year Treasury yields\" class=\"richtext-image full-width\" height=\"401\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/09\/2-year_Treasury_yields.width-800.png\" width=\"800\"\/>Gold surges to new record<\/p>\n<p data-block-key=\"fajeq\">Spot gold surged to a record near $3,600\/oz, on track for its best week in almost four months. Softer labor data pushed the dollar lower and Treasury yields down\u2014both tailwinds for bullion\u2014while safe-haven demand likely rose as investors reassessed growth and stagflation risks.<\/p>\n<p>FedWatch pricing shifts to three cuts in 2025<\/p>\n<p data-block-key=\"avb3j\">Following a weaker NFP and higher unemployment (4.3%), CME FedWatch shifted to three rate cuts by end-2025: a 25 bp cut in September (92% probability), a second 25 bp in October (72%), and a third 25 bp in December (67%). There is also an 8% tail risk priced for a 50 bp move in September. Only weeks ago, markets still entertained a prolonged restrictive stance; the accumulating labor softness has meaningfully changed that calculus.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. jobs report misses; yields tumble The U.S. economy added 22,000 jobs in August, well below the 75,000&hellip;\n","protected":false},"author":2,"featured_media":7431,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[72,61,60,150],"class_list":["post-7430","post","type-post","status-publish","format-standard","has-post-thumbnail","category-jobs","tag-business","tag-ie","tag-ireland","tag-jobs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/7430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=7430"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/7430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/7431"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=7430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=7430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=7430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}