The August jobs report shocked economists: just 22,000 jobs were added, pushing unemployment to 4.3%.Investors rushed into bonds, Treasury yields dropped to three-year lows, and whispers of falling mortgage rates grew louder.
In this First Friday economic update, Paula Pant breaks down:
- Why the August jobs report rattled markets.
- How lower Treasury yields could spark cheaper mortgages — and a buyer’s housing market.
- What Jerome Powell’s Jackson Hole speech signals about Fed strategy.
- Why markets now expect a September rate cut — and how it could impact your wallet.
If you’re planning to buy or sell a home, or just want to understand what’s driving the economy right now, this episode is your roadmap.
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