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Call Dan at 513-443-2020 | The Non-Farm Payroll Doomsday Scenario Became Reality
Posted on October 5, 2007
Filed under Economic Releases
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After the Phillies dropped the first two at home, I should have known that this would happen, too.
Not only did September's job data exceed expectations, but August's net loss of 4,000 jobs was revised higher to a net gain of 89,000. That's a bigger swing than Montpelier.
Mortgage rates are getting bludgeoned this morning as traders:
- Shift their expectations for the Fed's next meeting
- Question whether the Fed acted to quickly to lower the FFR last month
Me, I am more surprised that the Non-Farm Payrolls report has this much sway. Statistically, it's somewhat insignificant.
Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.
