WS #11239
US June payrolls added only 57,000 jobs vs 115,000 expected, unemployment at 4.2%, triggering a Treasury rally and reducing Fed rate hike expectations. Microsoft commits $2.5B and 6,000 employees to new subsidiary Microsoft Frontier Co. for AI implementation, bullish for MSFT and AI sector.
US Jobs Miss Triggers Dovish Shift
US June payrolls added only 57,000 jobs vs 115,000 expected, unemployment at 4.2%, triggering a Treasury rally and reducing Fed rate hike expectations.
Microsoft commits $2.5B and 6,000 employees to new subsidiary Microsoft Frontier Co. for AI implementation, bullish for MSFT and AI sector.