Tepid Jobs Report Keeps Fed On Track To Cut Rates, Oil Gives Back Gains, Stocks Gain On China RRR Cut
Non-farm Payrolls Data Disappoints Non-farm payroll data was weaker than expected at 130,000 new jobs, missing forecasts in the 160,000–180,000 range. The consensus culprit is no surprise, the lingering trade war with China. The bad news was partially tempered by the unemployment reading, which was unchanged at 3.7%. In a…