{"id":28637,"date":"2024-09-06T13:30:28","date_gmt":"2024-09-06T10:30:28","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28637"},"modified":"2024-09-06T12:03:29","modified_gmt":"2024-09-06T09:03:29","slug":"market-focused-on-fed-data-september-6-2024","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/market-focused-on-fed-data-september-6-2024\/","title":{"rendered":"Market Focused on Fed Data! September 6, 2024"},"content":{"rendered":"<p>US and world markets are focused on today, when critical data will be released. Nonfarm payrolls and unemployment data for August, which will be released at 15:30 GMT, are of great importance in terms of the Federal Reserve&#8217;s (Fed) interest rate decision on September 18. Markets are trying to predict what steps the Fed will take regarding monetary policy based on the results of this data.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/market-focused-on-fed-data-september-6-2024\/#Fed_Expectations_and_Possible_Moves\" title=\"Fed Expectations and Possible Moves\">Fed Expectations and Possible Moves<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/market-focused-on-fed-data-september-6-2024\/#What_Could_Happen_If_Fed_Data_Comes_Below_Expectations\" title=\"What Could Happen If Fed Data Comes Below Expectations?\">What Could Happen If Fed Data Comes Below Expectations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/market-focused-on-fed-data-september-6-2024\/#Signals_of_a_Slowdown_in_the_Economy_Manufacturing_and_JOLTS_Data\" title=\"Signals of a Slowdown in the Economy: Manufacturing and JOLTS Data\">Signals of a Slowdown in the Economy: Manufacturing and JOLTS Data<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Expectations_and_Possible_Moves\"><\/span>Fed Expectations and Possible Moves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Markets expect 161,000 new jobs to be created in nonfarm payrolls data and the unemployment rate to fall to 4.2% (previously 4.3%). This data is expected to be decisive in determining whether the Fed will continue its tight monetary policy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Could_Happen_If_Fed_Data_Comes_Below_Expectations\"><\/span>What Could Happen If Fed Data Comes Below Expectations?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The recent release of lower-than-expected data by the US economy has raised fears of a recession. If the employment data to be released today also falls short of expectations, the possibility of a 50 basis point rate cut at the Fed&#8217;s September meeting may increase. While the continuation of high interest rates slows down the US economy, weak employment data may necessitate a step back from this tight monetary policy.<\/p>\n<p>Contrary to the 185 thousand new jobs expected in July, only 114 thousand people were employed. This led to the first serious recession concerns in the US. In addition, the unemployment rate was announced as 4.3%, above expectations, reaching its highest level since October 2021.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Signals_of_a_Slowdown_in_the_Economy_Manufacturing_and_JOLTS_Data\"><\/span>Signals of a Slowdown in the Economy: Manufacturing and JOLTS Data<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Other data released this week also showed that the economy is slowing down. The Manufacturing Industry PMI data and the JOLTS job openings number were well below expectations. The low JOLTS data in particular was welcomed positively by the markets and increased the expectation that the Fed may cut interest rates.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/sakana-ai-announces-partnership-with-nvidia\/\">Sakana AI Announces Partnership with Nvidia!<\/a><\/em><\/p>\n<p>As the Fed closely monitors developments in the labor market, the possibility of a 50 basis point rate cut has gained strength following the JOLTS data. Markets are currently pricing in a 45% chance of a 50 basis point rate cut on September 18, and a 55% chance of a 25 basis point cut.<\/p>\n<p>This data will directly affect the Fed\u2019s future policy actions and determine the direction of the markets.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US and world markets are focused on today, when critical data will be released. Nonfarm payrolls and unemployment data for August, which will be released at 15:30 GMT, are of great importance in terms of the Federal Reserve&#8217;s (Fed) interest rate decision on September 18. Markets are trying to predict what steps the Fed will<\/p>\n","protected":false},"author":6,"featured_media":26773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[640,7578,5337],"class_list":["post-28637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-fed","tag-fed-rate","tag-fed-rate-cut"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Focused on Fed Data! 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