Fed faces mounting pressure as US layoffs surge and global markets slide
Global markets are reeling as surging U.S. layoffs fuel expectations for a Federal Reserve rate cut. While tech stocks struggle, some assets show resilience.
Insights:
A surge in layoffs across the US 
US announced by Challenger, Gray & Christmas reached its highest January level in 17 years, creating significant waves across global financial markets on February 6, 2026. This data arrived as the official US US non-farm payrolls report was delayed due to an ongoing US US government US shutdown. The combination of rising job cuts and a lack of official labor data heightened uncertainty, prompting a third consecutive day of selling in Wall Street and global equity markets.
US announced by Challenger, Gray & Christmas reached its highest January level in 17 years, creating significant waves across global financial markets on February 6, 2026. This data arrived as the official US US non-farm payrolls report was delayed due to an ongoing US US government US shutdown. The combination of rising job cuts and a lack of official labor data heightened uncertainty, prompting a third consecutive day of selling in Wall Street and global equity markets.
