Will the negative jobs report hold off a September rate hike?
The Fed hawks must feel very awkward today. Before the July Fed meeting, Fed Governor Chris Waller said that if the July CPI report came in hot, a July rate hike would be on the table. Since that day, CPI inflation came in as a big miss, PPI inflation came in as a big miss, and today the jobs number
Title insurers report improved profits, volume in 2Q
Even with the positive news when it came to income, two of the big four underwriters had their earnings outlook slashed, while a third received an upgrade.
Not Quite The Rally You'd Expect, But a Rally Nonetheless
Not Quite The Rally You'd Expect, But a Rally Nonetheless Today's vitals might be a bit confusing at first glance. Payrolls came in at -23k versus forecasts of 80k. At most moments in history, that would be worth a substantial rally. Today it was only worth 3bps in the 10yr and a quarter point in MB
Pamela Heman
Phone:+1(816) 810-5001