WS #11254
US June nonfarm payrolls missed expectations (57K vs 113K), with downward revisions, leading markets to price two Fed cuts by April 2027. Justice Department investigating alleged $100M insider trading on options bets placed ahead of Chinese regulatory crackdown on cross-border brokerages. 30-year fixed mortgage rate declined to 6.43%, a seven-week low, supporting homebuyer demand.
US Jobs Miss and Fed Rate Cut Expectations
US June nonfarm payrolls missed expectations (57K vs 113K), with downward revisions, leading markets to price two Fed cuts by April 2027.
Justice Department investigating alleged $100M insider trading on options bets placed ahead of Chinese regulatory crackdown on cross-border brokerages.
30-year fixed mortgage rate declined to 6.43%, a seven-week low, supporting homebuyer demand.