How does Wall Street view the August non-farm payrolls? Strong employment figures have not ended the suspense over a September rate hike; next week's CPI holds "decisive significance."

The U.S. non-farm payrolls report for August was surprisingly strong, prompting the market to reassess the likelihood of a Federal Reserve rate hike in September. However, Wall Street does not believe this resolves the policy uncertainty. According to analysts at multiple institutions, while the robust employment data has indeed strengthened the hand of the hawkish camp within the Fed, it is insufficient on its own to determine the outcome of the September monetary policy meeting. The CPI data scheduled for release next week remains the key factor likely to "set the direction." On Friday, the U.S. Bureau of Labor Statistics reported that non-farm payrolls increased by 162,000 in August, far exceeding the market expectation of 56,000. Additionally, job gains for the previous two months were revised upward by a combined 55,000, with July's figure being adjusted from a decrease of 23,000.

wallstreetcnSep 5 03:45

The U.S. non-farm payrolls data for August will be released at 20:30 tonight. Bank of America states that the non-farm report is merely a precursor, with the CPI holding the trigger for policy decisions; employment data would need to show a "significant w

The key market driver in tonight’s non-farm payrolls report is whether it can alter expectations for a Federal Reserve rate hike in September. If job growth turns negative for a second consecutive month, or if the unemployment rate rises to 4.3%, market pricing may loosen significantly; otherwise, inflation will continue to dominate policy assessments.

Golden10 DataSep 4 11:16

U.S. Treasury yields surged while the U.S. dollar weakened, as markets viewed the high yields as a fiscal warning; Bitcoin strengthened.

The traditional logic of attracting capital with high yields has broken down, as sovereign bond data from the United States, Japan, and Germany diverge. The market now views high yields as a fiscal warning, benefiting inflation-hedging assets such as Bitcoin, with BTC approaching $77,700.

Zhitong FinanceSep 4 08:16

What is "Red September"? The Bitcoin curse and why Wall Street cannot escape its grip

Bitcoin has declined in eight of the past 13 Septembers. Since 1928, the U.S. stock market has suffered from the same pattern.

Foresight NewsSep 3 15:19

Bitcoin stages a strong rebound, disregarding the surge in Japanese government bond yields, with the September central bank meeting emerging as a key variable.

Despite Japanese government bond yields hitting a ten-year high and the yen weakening, BTC rebounded by more than 22% in August. While the impact of carry trades has diminished, liquidity remains a long-term concern, with the Bank of Japan’s meeting on September 17–18 potentially serving as the next trigger point.

Zhitong FinanceSep 3 08:22

Renewed US-Iran tensions push oil prices above $90; what lies ahead for the crypto market?

Following the U.S. announcement on September 1 of expanded sanctions against Iran, Bitcoin fell from a high of over $79,000 to approximately $77,200, with an intraday decline reaching 2.1% at one point and briefly dipping below $76,500 during trading.

Foresight NewsSep 2 13:45