US Markets
US Markets Highlights — Sep 2, 2026 | Aivina
September 2, 2026
US financial markets saw initial gains early in the week, driven by tech. However, a much stronger-than-expected May jobs report, showing 272,000 new jobs, significantly dampened hopes for near-term interest rate cuts. This robust employment data caused a market sell-off, shifting sentiment to bearish as investors anticipate the Fed maintaining higher rates for longer.
Highlights
- US equity indices initially rallied; tech stocks led early gains.
- Strong May jobs report surprised markets; 272,000 new jobs added.
- Rate cut expectations significantly diminished; September cut now less likely.
Macro Overview
Inflation
May's PCE showed slight cooling but remains elevated; strong labor market pressures persist.
Interest Rate Outlook
Strong jobs data pushed back rate cut expectations; Fed remains data-dependent and patient.
Risk Sentiment
bearish
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