WS #11253
June payrolls miss at 57K vs 113K expected, downward revisions to prior months; markets now pricing two Fed cuts by April 2027. Justice Department investigating alleged $100M insider trading ahead of Chinese regulatory crackdown on cross-border brokerages. 30-year fixed mortgage rate falls to 6.43%, a seven-week low, supporting housing demand.
US Jobs Miss & Fed Rate Cut Pricing
June payrolls miss at 57K vs 113K expected, downward revisions to prior months; markets now pricing two Fed cuts by April 2027.
Justice Department investigating alleged $100M insider trading ahead of Chinese regulatory crackdown on cross-border brokerages.
30-year fixed mortgage rate falls to 6.43%, a seven-week low, supporting housing demand.