Latest / MPC Markets Morning Call
Jobs Blowout Sends Stocks Lower on Hike Fears
Stocks closed lower on Friday after August nonfarm payrolls smashed expectations at 162,000 — nearly triple consensus — pushing Fed rate hike odds above 60%. Over the weekend, the US–Iran tanker war escalated in the Strait of Hormuz as Washington destroyed three Iranian crude carriers. Mark and Phil break down the jobs data, what it means for the September 16 FOMC meeting, why next Friday's CPI is the decider, and what to expect for the ASX this week with oil surging and US markets closed for Labor Day.
The skinny
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