❗️👀 US Macro Update


Unemployment Rate (Feb): 4.4%
(Expected: 4.3% | Previous: 4.3%)
Non-Farm Payrolls (Feb): -92K
(Expected: +58K | Previous: +130K)
The US labor market is showing signs of weakness, particularly in the NFP data, where employment in the non-farm sector came in significantly worse than expected.
📊 Historically, weaker labor data tends to be bullish for risk assets, as it increases expectations for a more dovish stance from the Federal Reserve.
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