The July jobs report came in weaker than forecasted on Friday, August 2. Yahoo Finance broke down the numbers and explored their impact on the market. (00:00:00) Morning Brief anchors Seana Smith and Brad Smith explained the data from the July jobs report. (00:02:07) Joe Brusuelas, RSM chief economist, and Marc Pinto, Janus Henderson Investors
(Bloomberg) — Stocks joined gains in bonds after the latest jobs report reinforced bets the Federal Reserve will cut interest rates this year. Most Read from Bloomberg The S&P 500 headed toward a fresh record and Treasury yields dropped across the curve as data showed US hiring moderated in June while the jobless rate rose
Even after dropping considerably over the past month, mortgage rates remain well above 7% ahead of the next U.S. jobs report and the next meeting of Federal Reserve policymakers. Mortgage rates were nearly flat on weekly basis as HousingWire’s Mortgage Rates Center showed that the average 30-year rate for conforming loans was 7.23% on Tuesday,
10-year yield and mortgage rates As we approach a crucial week for mortgage rates, the 10-year yield and labor data could influence the Fed’s decisions. If we witness more softness in the labor market, the 10-year yield and the labor data will eventually force the Fed’s hand. However, the Fed wouldn’t mind seeing mortgage rates
Mortgage rates eased slightly last week after a cooler-than-expected jobs report. Additionally, the 10-year Treasury yield fell after Friday’s jobs report. HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.51% on Tuesday, slightly below the rate of 7.57% one week ago. At the same time one year ago, the
So where does this leave us? Let’s look at my labor economic model that started on April 7, 2020, and see where are we today. 1. The current state of the labor market results from a series of events, with COVID-19 being a significant catalyst. I wrote the COVID-19 recovery model on April 7, 2020,
US stocks surged on Friday, as upbeat earnings from Apple (AAPL) lifted spirits and a weaker-than-expected jobs report revived bets that the Federal Reserve could cut interest rates sooner than thought. The Dow Jones Industrial Average (^DJI) jumped 0.9%, or about 350 points, while the S&P 500 (^GSPC) rose 0.8%. The tech-heavy the tech-heavy Nasdaq