U.S. Jobs Tank, Yields Plunge, Fed Cuts Look Inevitable-ish
đź’ˇSee also: Some important Mortgage Tidbits below.
America’s payrolls report just hosted a surprise seminar for macro analysts called “How to Faceplant in Public Forecasting.” Few saw this job grenade coming.
The miserably weak numbers—289,000 fewer jobs than expected, including revisions—sucker-punched bond bears and sent U.
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