← Narratives
The labor market remains firm with slower hiring, reducing the likelihood of an imminent dovish Fed pivot and keeping rate-hike expectations elevated
ARTICLES2
SOURCES2
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FIRST SEENAug 8, 2026
LAST SEENAug 11, 2026
TRAJECTORY Quiet
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
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COVERAGE MIX
SOURCE EVIDENCE
"Traders are adjusting their expectations, now seeing a 52% probability of an interest rate hike in September, according to the CME FedWatch tool, following unexpectedly poor employment data."
"Taken together, the data left traders leaning toward a still-firm labor market with slower hiring, rather than a clean dovish pivot. Market-implied odds of a September 25-basis-point rate hike were near 56.9% Thursday afternoon, up from 54.4% Wednesday."