US nonfarm payrolls rose just 29,000 in latest report

US nonfarm payrolls increased by only 29,000 in the latest release, a weak reading that raises questions about further Federal Reserve rate hikes. The figure was cited by market commentator CryptoPainter, who also argued oil-price relief after the midterms could ease inflation and open the door to a year-end rate cut.

Detected & updated continuously · Source: Nebula