May 2024 Economic Update
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Messaging the Data
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Instant Reaction: Jobs, May 3, 2024
An economy that is too hot is not good for interest rates. Hence, the latest news of some cooling in the labor market could mean the topping-out of mortgage rates this week before more sustained declines through the remainder of this year. In April, the economy added 175,000 net new payroll jobs, on
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