Global Economic Issues 20260905

🗂US August Non-Farm Payrolls Surge (+162,000) and Fed Rate Path Under Scrutiny The number of new non-farm payroll jobs in August increased by 162,000, significantly exceeding market expectations (55,000) by about threefold. While a robust labor market eased concerns about an economic recession, the New York stock market continued its differentiated performance over the weekend, influenced by the prevailing view that the US Federal Reserve's (Fed) hawkish tightening stance might be prolonged. 🗂US 10-Year Treasury Yield Stabilizes Below 4.76% and Dollar Strength Eases Following dovish remarks from Fed officials and the digestion of employment data, the US 10-year Treasury yield retreated from its highs and stabilized around 4.76%. Consequently, the upward pressure on the dollar eased, leading to a reduction in risk aversion in emerging market asset classes.