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September rate cut odds are rocketing up in real time after this massive jobs report revision
Was just a 37% chance of a September cut as of yesterday
Up to 55% now and climbing
For reference, the last 2 months of jobs report data were total shams
1.8. klo 20.36
🚨 Nonfarm payroll gains were sharply revised down: May's total dropped from 144,000 to 19,000, and June's from 147,000 to 14,000—a combined cut of 258,000 jobs.
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