This is a news story, published by Mortgage News Daily - Mortgage And Real Estate News, that relates primarily to The Federal Reserve news.
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jobs report reactionMortgage News Daily - Mortgage And Real Estate News
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75% Informative
The Federal Reserve had singled out the jobs market as an indicator that would dictate the pace of the rate cut cycle that had begun just 2 weeks earlier .
The early October jobs report not only came in much stronger than expected, but it also revised the previous 2 reports quite a bit higher.
The underlying bond market maintained as much composure as we could have hoped for in light of data.
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