July Jobs Shock Rattles Fed Outlook

4:035 chapters12 sources

0:004:03

About this episode

U.S. economy sheds 23,000 jobs in July in first payroll contraction in months, stagflation concerns emerge as wages slow and inflation stays elevated, markets rally as Fed rate-hike odds fall sharply

Chapters

Sources & Citations

Bureau of Labor Statistics – Employment Situation Summary

www.bls.gov

Jobs Report Live Updates: U.S. Job Market Shrinks Unexpectedly – The New York Times

www.nytimes.com

U.S. Payrolls Fell 23,000 in July 2026, First Drop in Months – Quartz

qz.com

U.S. Economy Lost 23,000 Jobs in July – NBC News

www.nbcnews.com

Trading Economics

tradingeconomics.com

The U.S. economy in 2026: What to watch for | Stanford Institute for Economic Policy Research (SIEPR)

siepr.stanford.edu

Stagflation jitters grow after steepest jobs downgrade in decades

finance.yahoo.com

The US economy has come down with a case of early onset stagflation | CNN Business

www.cnn.com

X (Twitter)

x.com

Stocks bounce back from Fed selloff, Nasdaq snaps 6-day losing streak

www.cnbc.com

Wall Street muted after strong jobs data nibbles at Fed rate cut bets

www.detroitnews.com

Wall Street indexes rally after Fed cuts interest rates | Reuters