Reversal of Fed Strategies and Anticipated Interest Rate Cuts

The jobs report came out this morning and it was a painful one.

The US added only 22,000 new jobs in August, according to the latest BLS report.

And unemployment ticked up to 4.3%.

What does this mean?

Find out in today's First Friday episode!

Timestamps:

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(01:48) ADP vs BLS Jobs Data

(04:33) Mortgage Rates & Their Impact on Homebuyers and Sellers

(11:30) Fed Chair Jerome Powell’s Remarks

(12:54) The Fed’s Dual Mandate Explained

(15:58) The Fed’s Changing Approach to Unemployment

(18:13) Implications: Rate Cuts on the Table

For more information, visit the show notes at https://affordanything.com/episode640

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