Weaker US jobs numbers boost expectations of a September rate cut

Weaker US jobs numbers boost expectations of a September rate cut From think.ing.com So maybe Fed Chair Powell did get an early look at the jobs report given his dovish leaning press conference on Wednesday. Non-farm payrolls rose 175k in April versus the 240k consensus (ranged between 145k and 280k in the Bloomberg survey) and there were 22k of downward revisions to the past couple of months. The unemployment rate moves up to 3.9% from 3.8% while wage growth was …