Job Market Slowdown and Political Uncertainty Abroad Fail to Dent Investor Sentiment
Markets see three rate cuts ahead as equities power forward
Highlights
Markets see three rate cuts ahead as equities power forward
OPEC+ limits production increase, but the oil rally has a ceiling
French PM likely to lose confidence vote today
Eastern European equities continue to surge
Key Takeaways
Markets See Rapid Rate Cuts After Weak Friday Jobs Report: Nobody seems too fussed over the recessionary implications of Friday’s payroll report. Instead, investors are salivating over the prospect of the Fed cutting rates more aggressively -- perhaps even a jumbo -50 basis point move on September 17th. The 2-year Treasury note yield has moved down to just over 3.5%, the lowest it has been in three years, and the futures market is now priced over 75% of the way for rate reductions at each of the last three FOMC meetings of the year.
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