The Latest Breaking News from US Federal Reserve

"The bottom line is that the weaker-than-expected July employment report led us to change our baseline expectation for the first Fed to September."

September S&P 500 E-Mini futures (ESU24) are down -2.48%, and September Nasdaq 100 E-Mini futures (NQU24) are down -4.10% this morning, extending last week’s losses as concerns intensified that the Federal Reserve is lagging in providing policy support for a slowing U.S. economy.

September S&P 500 E-Mini futures (ESU24) are down -2.48%, and September Nasdaq 100 E-Mini futures (NQU24) are down -4.10% this morning, extending last week’s losses as concerns intensified that the Federal Reserve is lagging in providing policy support for a slowing U.S. economy.

A much-anticipated report Friday showed the US economy added just 114,000 jobs last month, well down from June and far fewer than expected, while the jobless rate rose to the highest level since October 2021.

US recession fears and unwinding yen ‘carry trade’ hits markets, wiping 12% off Japan’s Nikkei

Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

"This is the first time that I have a growth scare," said top economist Mohamed El-Erian.

Capital Economics said a recession is unlikely and growth will even reaccelerate after a soft patch in the second half of this year.

Markets are, at least in the short term, selling every bounce they have and this should be remembered when analyzing news and earnings this week. Here are 5 things to watch this week in the Market.

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

"From a risk management perspective we think there’s a strong case to act before September 18th."