Stocks Bounce After Nonfarm Payrolls Disappoint
US Nonfarm Payrolls (142K vs street 165K, previous revised down to 89K from 114K) and Average Hourly Earnings (3.8% vs street 3.7%), were disappointing once again, suggesting the US may be falling into a recession and increasing pressure on the Fed to deliver a rate cut on September 18th. On this news, treasury yields have […]