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Treasury yields rise after U.S. jobs report alters rate expectations

September 8, 2026 by AdminNo Comments

Traders work on the floor of the New York Stock Exchange (NYSE) on August 14, 2019 in New York City.Spencer Platt | Getty ImagesTreasury yields rose in trading Friday, as investors digested a stronger-than-expected jobs report for the month of August and weighed the impact it may have on the Federal Reserve's decisions on interest rates. The shorter-dated 2-year Treasury note yield, which tends to react in line with short-term Federal Reserve interest rate decisions, rose more than 4 basis points to 4.377%. It reached its highest level since January 2025 during the day.The key 10-year Treasury note yield — the main benchmark for mortgages, auto loans and credit card debt — was up more than 2 basis points at 4.784%.The longer-dated 30-year Treasury note yield, which is often sensitive to geopolitical events, was little changed at 5.245%.One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another.The U.S. economy added 162,000 jobs...

Gold eases on strong US jobs data, Fed rate-hike bets

September 8, 2026 by AdminNo Comments

BENGALURU (Sept 7): Gold eased on Monday after last Friday's robust US jobs report bolstered expectations for a Federal Reserve (Fed) interest rate hike this month, while investors awaited key inflation data for further clues on the monetary policy outlook.Spot gold was down 0.4% at US$4,407.98 (RM17,828.06) per ounce by 10.26am ET (1425 GMT). US gold futures for December delivery fell 0.5% to US$4,453.10, with trading volumes low due to a US holiday."Gold and silver have moved in the opposite direction to energy prices, extending their declines after last Friday’s strong US jobs report lifted bond yields and reinforced expectations of a Fed rate hike on Sept 16," said Ole Hansen, the head of commodity strategy at Saxo Bank."In today’s (Monday) session, gold has twice found buying interest below US$4,400, well ahead of key support around US$4,320, while resistance continues to emerge above US$4,500."Data last week showed US job growth accelerated sharply in August, while the unemployment rate held steady at 4.1%.Traders see a 60% chance of an interest rate hike at the central...

Gold hovers near $4,400 as strong US jobs data lifts Fed hike bets · Business Upturn

September 8, 2026 by AdminNo Comments

Gold prices hovered around $4,400 an ounce on Monday as stronger US employment data increased expectations for a Federal Reserve interest rate hike later this month. Rising oil prices also added to inflation concerns, creating another challenge for the precious metal.Spot gold was down about 0.6% at $4,403.69 an ounce, while gold futures fell 0.6% to $4,448.85. Gold had already dropped 1% on Friday after the stronger than expected US jobs report shifted expectations around the Fed's next policy move.Strong US payrolls put pressure on goldUS employers added 162,000 jobs in August, significantly beating expectations, while the unemployment rate remained at 4.1%. The stronger labor market has made investors more confident that the Federal Reserve could raise interest rates at its September 15 to 16 meeting.Markets are now pricing roughly a 60% chance of a September rate hike, up from around 50% before the jobs report. Reuters reported that the probability had climbed to about 60% following the payroll data.Higher...

Canada’s Bombardier Responds To Trump’s Ban Threat By Touting U.S Jobs

September 8, 2026 by AdminNo Comments

ToplineCanadian planemaker Bombardier responded to President Donald Trump’s threat to ban the sale of its jets in the U.S., threatening to escalate an ongoing trade war with Canada, by touting the “tens of thousands” of American jobs it has created.US President Donald Trump looks on after disembarking from Air Force One upon arrival at Joint Base Andrews, Maryland.AFP via Getty ImagesKey FactsIn a Truth Social post on Monday afternoon, Trump wrote, “NO MORE SELLING BOMBARDIER IN THE UNITED STATES,” and claimed that their products were not “good enough.”The president claimed that over 50% of the Canadian planemaker’s revenue comes from the U.S. and argued that Canada had “blocked” Gulfstream Aerospace from “doing business” in the country.Trump’s remarks appear to refer to the earlier delay in the certification of certain Gulfstream jets, which Canadian officials in January blamed on compliance issues rather than politics, before approving the jets the next month.The president’s post added that if Canadian companies want access to...

On Labor Day, GOP hypes job growth, Dems praise unions

September 7, 2026 by AdminNo Comments

Sept. 7, 2026, 3:00 p.m. ETIt's Labor Day, but as the midterms near, politicians take no days off, and their holiday messaging is falling along partisan lines. The White House and Republicans took the day to celebrate a recent win with the stronger-than-expected August jobs report, crediting President Donald Trump as a champion for American workers. Democrats took the day to message support for unions and organized labor, a group that has long supported the more-left party. Notably, in 2024, the union group International Brotherhood of Teamsters broke ranks with their decades of tradition endorsing Democrats and chose to not endorse Kamala Harris nor to back Trump. The White House touts Trump After a stronger-than-expected August jobs report on Friday, Sept. 4, just before Labor Day weekend, Republican messaging on the holiday fell in line with celebration. The White House kicked off the weekend on Saturday, Sept. 5, posting, "This Labor Day, we celebrate that more Americans are working than EVER before," and then on Labor Day saying "President Trump will never stop fighting for MADE IN AMERICA."The Republican Party – which is also spending the day promoting its first-ever midterm convention this week in...

Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him

September 7, 2026 by AdminNo Comments

WASHINGTON (AP) — President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday's surprisingly positive jobs report ultimately provoked frustration from Trump. The August job numbers might have been a welcome break from after months of sluggish hiring and concerns about inflation that have been weighing on Trump and his party two months from Election Day. But speaking from the Oval Office, Trump instead launched into a grievance session about inflation and interest rates. His anger was aimed at the financial markets, the Federal Reserve and U.S. trade partners. He objected to the commonly accepted notion in economics that the surprise gain of 162,000 jobs in August could contribute to inflationary pressures. "Success does not cause inflation. Stupidity causes inflation," Trump vented in the Oval Office, as he declared it "crazy" that the stock markets fell Friday on inflation concerns. The combination over his second term of a drop-off in hiring and higher...

Jobs report: Women accounted for almost all of August payroll gains

September 7, 2026 by AdminNo Comments

Jobseekers speak with a recruiter during the Catalyst Career Group Dallas Job Fair in Dallas, Texas, US, on Wednesday, July 29, 2026. Dylan Hollingsworth | Bloomberg | Getty ImagesThere's a group to thank for August's blockbuster jobs report: women.Women accounted for 158,000 — or around 98% — of the 162,000 jobs added in the month, according to a CNBC analysis of data released Friday by the Bureau of Labor Statistics.Men represent the remaining 4,000 net positions added, meaning their contribution to overall payroll growth was nearly 40 times smaller.The Economic Security Project, a progressive nonprofit, first pointed out the anomaly in Friday's data.With Friday's report, the gap between the number of jobs held by women compared with men climbed to levels never before seen, according to Laura Ullrich, director of economic research at the Indeed Hiring Lab."We are in the midst of a shift," Ullrich said. "It is changing right before our eyes."Women outperform Friday's report offers the latest signal...

Ringgit ends marginally lower against US dollar after strong US jobs data

September 7, 2026 by AdminNo Comments

KUALA LUMPUR: The ringgit closed slightly lower on Monday after the United States posted strong non-farm payrolls (NFP) data and ahead of a US inflation report later this week.It was reported that the NFP data last Friday came in at 162,000 in August, well above the consensus forecast of 55,000.At 6 pm, the ringgit inched down to 4.0440/0485 against the US dollar from last Friday’s close of 4.0425/0465. - Bernama Source link...

August US employment report: Show me the weakness – I don’t see any

September 7, 2026 by AdminNo Comments

Bottom Line: The US labor market is solid. We have been consistent in our view that the labor market is tight and even when faced with cyclical weakness, structural forces would keep the unemployment rate from rising meaningfully. The August employment report shows resilience and growth continue despite the headwinds (tariffs, energy, etc.) – and importantly cyclical strength is broadening out beyond a narrow set of industries (i.e., health care and leisure & hospitality). The underlying details are encouraging and show no signs of demand slowing: the aggregate hours index is accelerating on a y/y basis, broader measures of labor slack sit near all-time lows (i.e. U6 unemployment), layoffs are exceptionally low, and the share of workers who are part-time for economic reasons (i.e. those who want to work more but cannot) sits at 2.7%, near the all-time low of 2.3% seen in 2000. This is a labor market that shares more similarities with the late 90s economy than the post-GFC period and it’s going to...

United States Dollar Index strengthens above 99.00 as robust US jobs data boosts Fed rate hike bets

September 7, 2026 by AdminNo Comments

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.20 in the early Asian trading hours on Monday. The DXY edges higher amid a ramp-up in US rate hike bets. US markets are closed on Monday for Labour Day. Data released by the US Bureau of Labor Statistics (BLS) on Friday showed that Nonfarm Payrolls (NFP) climbed by 162K in August, versus an upwardly revised rise of 21K prior. This figure came in above the market consensus of 56K. The Unemployment Rate in the US held steady at 4.1% during the same period. Traders moved to price in a roughly 58.3% probability that the Federal Reserve (Fed) will hike rates this month following the stronger US jobs data, according to the CME FedWatch tool. The US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation data will be the highlights later this week. These reports could offer further clues on the...