TLDR

MARKET RECAP → The S&P 500 rose Wednesday after the July Fed minutes suggested a higher likelihood of a rate cut in September.

FED'S JULY MINUTES SHOW MIXED VIEWS → 📊 The Fed's July minutes revealed a split on the economic outlook, with members cautious and emphasizing the need to watch economic data closely before making further decisions.

PAYROLL GROWTH TAKES A HIT → 📉 The Labor Department revised nonfarm payroll growth down by 818,000 jobs, revealing a weaker job market than initially reported and raising concerns about the strength of the economic recovery.

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Fed's July Minutes Show Mixed Views

📊 The Federal Reserve's July minutes revealed that officials were divided on the economic outlook, with some concerned about ongoing inflation while others pointed to signs of slowing economic growth.

🔍 The minutes reflected uncertainty within the Fed, with members highlighting the need to be cautious and data-dependent in future policy decisions, focusing on a balanced approach to managing risks.

📉 The overall sentiment was one of watchfulness, as the Fed planned to monitor upcoming economic data closely before taking any further actions.

TODAY’S TOP NEWS

Payroll Growth Takes a Hit

📉 The Labor Department revised down nonfarm payroll growth by 818,000 jobs, a significant adjustment that highlighted weaker-than-expected employment gains over the past year.

🔍 This revision suggested that the job market was not as robust as initially reported, raising concerns about the strength of the economic recovery.

🏛️ The downgrade may influence future monetary policy decisions, as it reflects a more fragile labor market than previously understood.

BULL VS. BEAR

NOTABLE POSTS

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U.S. job growth revised down by the most since 2009. Why this time is different (CNBC)

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