(Bloomberg) -- The Bank of England is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper Britain’s economy and prompt firms to slow hiring.Most Read from BloombergThe World’s Data Center Capital Has Residents SurroundedWe Should All Be Biking Along the BeachSeeking Relief From Heat and Smog, Cities Follow the WindNYC Mayor Adams Gives Bally’s Bronx Casino Plan a Second ChanceChicago Curbs Hiring, Travel to Tackle $1 Billion Budget HoleThe Monetary Pol
Danielle DiMartino Booth, former Fed insider and CEO of QI Research, criticizes the Federal Reserve's decision to keep interest rates unchanged amid signs of a weakening labor market, falling business investment, and disinflation, warning of a potential 'policy error' that could lead to recession while discussing risks to housing, jobs, and the broader economy.
Watch Danielle's last interview with David: • Layoffs About To Skyrocket, Why Is Fed Ign...
*This video was recorded on July 30, 2025. Subscribe to Youtube: / danielledimartinoboothqi
What's happening in the mortgage trenches? Renewal activity but do most people need changes & refinance not just straight renewal? What about Mortgage Rates: Fixed Rates jump, Bank of Canada NO CHANGE. Were there more purchases in the last 2 months.
Will that be a trend? What about just getting a mortgage? Is it harder
Every month, we offer the same old warning/reminder ahead of the big jobs report--something to the effect of "no other economic report has as much power to cause volatility in rates, for better or worse." Days like today are the reason for that reminder. Thankfully, it was the "better" end of the spectrum. Rates tend to improve when economic data is weaker than expected. Today's jobs report was only moderately weaker at the headline level (73k vs 110k forecast), but it was the revisions to the past months that really got the market's attention. Those revisions removed 253k jobs from the initially reported numbers. Revisions are a fact of life for the jobs report. The BLS publishes them in detail: https://www.bls.gov/web/empsit/cesnaicsrev.htm This is a tough concept for folks outside the world of large scale data collection and statistics to understand, but the important point is that revisions happen because BLS does not or cannot receive complete data from employers in just one month. As more responses come in, the data is revised. The market is well aware of this methodology and traders are free to choose to react to a potentially less complete picture on month 1 or the final picture on month 3. These particular revisions happened to a fair bit larger than the typical revision. That was important to different people for different reasons. When it comes to financial markets and the traders that trade the bonds that move mortgage rates, it was only important because it meant the labor market is in weaker shape than previously thought--a good reason to push rates quickly lower today. (Incidentally, many other economic reports suggested weaker labor market conditions last month and the jobs report bucked that trend by coming in higher. In other words, it is now more aligned with what the other data has been indicating.)
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Trump announces new tariffs on dozens of countries beginning Aug. 7, fires BLS commissioner after revised jobs report shows dramatic slowdown in payroll growth in May and June.
The latest Fed decision is shaking Wall Street. Danielle DiMartino Booth, former Fed insider and CEO of QI Research, shares her blunt take on what Jerome Powell really said and what he didn’t. With dissenting votes, a stubborn unemployment rate, and hidden cracks in the labor market, will the Fed be forced to cut rates in September? Investors can’t afford to miss this insight-packed analysis.
00:00 Federal Reserve decision and dissenting votes 03:17 Controversy over unemployment rate and data interpretation 04:38 Jay Powell’s stance and market reaction 07:41 Fed’s interest rate policy and debate over its independence 10:09 Technological economy and labor market transformation 14:01 Global economy and investment environment 18:57 Trade successes and uncertainty in corporate investments 21:08 2025 economic outlook and the importance of employment data 23:23 Comparing the reliability of ADP vs official employment data
Phoenix home prices are showing a 9% drop since March—but is that the full story? In this Phoenix housing market update, we break down the latest data from the Cromford Report, explain how luxury sales are impacting average prices, and explore what’s really happening in median home values. We’ll also look at four states predicted to see a future housing market crash—will Arizona make the list? Plus, we’ll review current inventory trends, buyer demand, and what’s happening with mortgage rates as the Fed meets this week. If you’re thinking about buying or selling in 2025, this is a must-watch update.
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