California Weekly Market Data ending June 10, 2024

Big jobs number spooks bond traders, but hides some underlying cracks

The household survey, which places more emphasis on small businesses compared to the employer survey, indicated a rise in job losses. This suggests that the labor market may not be as robust as the headline figures suggest.

Rates surge as economy refuses to cool

Although C.A.R. has not ruled out a rate cut for 2024, the decline in mortgage rates is expected to be modest due to the long-term projection of a 2.5%-3% Fed Funds R...