'Too Little Too Late' - Trump Rages Amid The Post-Payrolls Carnage...

Weaker than anticipated job gains and rising unemployment have significantly increased the probability of a Federal Reserve rate cut, with September now largely expected. This economic data has caused Treasury yields to drop sharply, especially at the short end of the curve. Consequently, the dollar has weakened considerably, while gold prices have surged in response. Stock markets are also down, influenced by both the jobs report and prior negative factors like tariffs and company-specific issues. The author questions if this labor market weakness will compel the Fed to cut rates sooner, potentially benefiting Trump.