Messy US Jobs Report – I have been eagerly anticipating the release of the US jobs report, especially since January’s data. However, I had doubts about its accuracy, which prompted me to conduct extensive research on the employment situation in the US. The results of my study were precise: a slowdown is currently underway.
January’s data produced explosive outcomes that led to a significant shift in market expectations for the first rate cut. Expectations changed from March to June. At that point, I knew that the revision of January’s data would be the most crucial factor in February’s data. This is because I was not the only one with serious doubts about its accuracy.
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