88FINANCE
⚡ Markets: Hawkish repricing of Fed policy expectations strengthens the USD and pushes bond yields higher (especially short-duration). Negative for equities (especially tech/growth) and risk assets like crypto.US 2Y YieldDXYSPXBTC
The US economy added 162,000 nonfarm payroll jobs in August, far exceeding forecasts and keeping the unemployment rate steady at 4.1%. The strong data has led markets to price in a higher probability of a Federal Reserve interest rate hike, causing Treasury yields to rise and stocks to fall.
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