Seeds of Wisdom RV and Economic Updates Saturday Afternoon 9-6-25
Good Afternoon Dinar Recaps,
Weak U.S. Jobs Report Sinks Stocks and Bitcoin, Fuels Speculation of Larger Fed Rate Cut
Labor market slowdown sparks broader market selloff and shifts expectations for monetary policy
Jobs Data Misses Expectations
A disappointing U.S. labor report rattled financial markets on Friday, sending both stocks and cryptocurrencies lower. According to the Bureau of Labor Statistics, the U.S. economy added just 22,000 jobs last month, sharply missing economists’ forecast of 76,500.
The report also highlighted a surge in Americans holding multiple jobs, which climbed by 443,000 to 8.785 million — the largest increase since 2020 and near a record high.
Market Reaction: Stocks and Bitcoin Slide
The weak labor data triggered an immediate downturn across major indices:
The Dow Jones Industrial Average fell 240 points.
The S&P 500 dropped 39 points.
The Nasdaq lost 51 points.
Bitcoin (BTC) also mirrored the decline, sliding $711 on the day to $110,892.
Shifting Odds of a Larger Rate Cut
The report quickly reshaped market expectations for Federal Reserve policy. CME’s FedWatch tracker now shows:
An 88.1% probability of a 25-basis-point rate cut.
An 11.9% chance of a larger 50-basis-point cut, up from 0% just a day earlier.
The spike in expectations for a deeper cut underscores mounting concerns that the U.S. economy is slowing faster than anticipated.
Why This Matters
The weak jobs report adds new pressure on the Federal Reserve ahead of its next policy meeting. With stocks and Bitcoin both slipping on the news, investors are recalibrating their strategies for a market environment where labor softness could force the Fed into more aggressive easing.
@ Newshounds News™
Source: Daily Hodl
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Malaysia and Laos Eye BRICS Membership as Bloc Expands Influence in Southeast Asia
China backs Malaysia’s entry while Laos formally signals interest, underscoring BRICS’ growing pull in the Global South
China Pushes for Malaysia’s Full Membership
Malaysia’s path to full BRICS membership gained momentum this week after Chinese President Xi Jinping pledged his country’s strong backing during a meeting with Prime Minister Datuk Seri Anwar Ibrahim in Beijing.
“President Xi stated his full support for accelerating Malaysia’s participation as a full member of BRICS. This is a great honour and a sign of support for our country to continue playing an important role on the world stage,” Anwar said.
Malaysia, which became a BRICS partner nation in early 2025, is now positioning for formal entry by the bloc’s 2025 summit. Economic ties with China remain central to this push, with bilateral trade reaching RM484.12 billion in 2024 and 31 new agreements signed earlier this year.
Laos Formally Expresses Interest
Meanwhile, neighboring Laos has also stepped forward, with Prime Minister Sonexay Siphandone announcing at the Eastern Economic Forum that his country is actively exploring BRICS membership.
“We are interested in becoming a member of BRICS. At present, we are in the process of studying this issue,” Siphandone stated. He emphasized BRICS’ role in helping the Global South reduce reliance on the U.S. dollar, calling it a path toward greater independence that seemed impossible just a decade ago.
Laos is among 45 countries that have signaled interest in BRICS, with 23 already submitting formal applications. The bloc is expected to make expansion decisions by year’s end.
Balancing U.S. Influence and Multipolar Diplomacy
Malaysia’s move carries wider geopolitical significance, particularly as Washington closely monitors developments. Experts suggest Malaysia’s BRICS alignment reflects pragmatic diplomacy amid Trump-era tariffs and intensifying global competition.
Prof. Dr. Azmi Hassan of Nusantara Academy of Strategic Research noted: “Trump has been using tariffs to threaten smaller nations, so it is important that countries like Malaysia, as part of the Global South, have a platform where their voices can be heard.”
For Laos, the bid is both economic and symbolic, marking its intent to align with a rising bloc that offers an alternative to U.S.-led frameworks.
Why This Matters
The parallel membership moves by Malaysia and Laos highlight BRICS’ accelerating influence in Southeast Asia. For Malaysia, strong backing from China cements its path toward formal entry, while Laos’ interest adds to the growing list of nations seeking a seat at the table. Together, these developments underscore BRICS’ evolution into a platform for the Global South to push back against dollar dominance and assert greater multipolar influence.
@ Newshounds News™
Sources: Watcher Guru, Watcher Guru
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