Stocks are falling after the July jobs report, with the Dow (^DJI), S&P 500 (^GSPC), and Nasdaq (^IXIC) all falling, increasing the likelihood of a rate cut ...
) all falling, increasing the likelihood of a rate cut from the Federal Reserve . Greg McBride, Chief Financial Analyst for Bankrate.com, explains that part of the concerns stem from the household side of the survey, including increased temporary worker layoffs and part-time workers.
Those that are not in the labor force but want a job, uh, and a reduction in hours worked no matter how you slice it.But we, we've seen a little prelude to this.Uh The manufacturing data came out yesterday was bad. So I, you know, I, I think that coupled with, look at what we've seen in earnings, there's been a lot of disappointing, uh the disappointments on the earnings side and a lot of stock volatility.All right, we were perusing some of the tips that bankrate.com has as well here and we don't have to get into all 12 of the steps that people should take before the fed starts cutting interest rates.
So continue to pay down that credit card, the home equity line of credit, those variable rate down uh in in particular, those high cost debts on the savings or investor side beef up the emergency savings. So, but the key is you gotta be able to live without the money, you gotta be able to, to lock that money up.What happens to people's money?
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Federal Reserve Temporary Worker July Jobs Report
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