Soft jobs meet rising oil; markets await CPI to set the Fed’s tone (Economy)

Generaldesk view

Soft jobs meet rising oil; markets await CPI to set the Fed’s tone (Economy)

July nonfarm payrolls fell by about 23,000 versus a consensus near +80,000, with unemployment at 4.1%, cutting CME FedWatch odds of a September hike from roughl…

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Financedesk view

Treasury yields stay elevated; September hike odds roughly a coin flip ahead of CPI (Macro)

The U.S. 10-year yield traded near 4.69%–4.72% Tuesday as oil kept inflation re-pricing alive. Markets put September Fed hike odds near ~46% (vs. ~64% a week ea…

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