150k jobs were added in the month of August, well short of the 180k forecasted. The numbers were light, but still good. As such, the men of Wall are pricing in a Fed pause.
The biggest jobs gains were found in bars and eateries, with 34k new jobs added, as people drank and stuffed their fat fucking faces in record numbers–celebrating all of these gains.
Once again, a well timed disappointment has provided the Fed with the fodder they need to sit back, do nothing, and watch equity markets do their magic.If you enjoy the content at iBankCoin, please follow us on Twitter