U.S. employers unexpectedly cut 23,000 jobs last month, and Labor Department revisions shaved 103,000 jobs off payrolls in May and June.
  • henfredemars@infosec.pubEnglish
    2·
    1 month ago

    The US has lost control of the long end of the yield curve. The bond market simply won’t take the Fed seriously until they do something about inflation. This is reflected in higher mortgage rates.