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Dollar rebounds as traders rethink Fed rate cut expectations

Dollar rebounds as traders rethink Fed rate cut expectations
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Asian shares bounce back amid plunging oil prices

Bond: Bond investors bet Federal Reserve hiking is over

A spate of slowing employment metrics this week, crowned by Friday s August payrolls report, has shifted market sentiment in favor of owning policy-sensitive two-year Treasuries, which BlackRock Inc. s Jeff Rosenberg called a "screaming buy."

What Does The Jobs Report Tell Us About The Economy?

Friday’s data indicates a softening in the job market, but questions remain about whether wage growth will slow quickly enough to avoid future Fed rate hikes. The Fed should take no action at their September meeting, but uncertainty will keep market participants scrutinizing future labor market and inflation readings.

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