Ep. 177 - Mortgage Rates Might Finally Drop | The Signal We've Been Waiting For…

Quinton Harris examines recent job reports and their potential impact on Federal Reserve rate cuts. He breaks down the latest ADP private report and BLS report, noting correlations between them and emphasizing the significant increase in the unemployment rate to 4.1%. He emphasizes the significance of this number, as it reaches a threshold that concerns many Federal Reserve members. The episode analyzes various aspects of the job reports, including the shift towards more part-time jobs and revisions to previous numbers. 

0:00 - Jobs Week Overview

1:52 - Unemployment Rate Increase

3:23 - Job Report Breakdown

5:50 - Household Survey Explained

7:10 - Recession Warning Signs

8:47 - Rate Cut Probability

10:08 - Fed Member Changes

11:12 - Closing Segment

Resources:

https://bit.ly/unemploymentwy1m

(CREDIT: MBS HIGHWAY)

Key Quote:

“The unemployment rate went up again this month” - Quinton Harris

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