Reported about 2 months ago
U.S. bond yields dropped following major downward revisions in payroll data, strengthening expectations for Federal Reserve rate cuts in September. The labor market's cooling signals prompt traders to anticipate a quarter-point interest rate cut next month. Equities showed volatility, but fundamentals remain strong, supporting a favorable environment for stocks despite potential rate adjustments. Key upcoming events include insights from the Fed's recent meeting and speeches at Jackson Hole.
Source: YAHOO