Jobs Report Shocker: Payrolls Fall 23,000, Fed Rate Hike Odds Crumble

A surprise 23,000 drop in July payrolls and a fall in unemployment to 4.1% have gutted expectations for a September Fed rate hike, sending Treasury yields and hold-rate odds sharply lower. Finance TL;DR Daily breaks down the jobs shock and the bond market's reaction. In this episode: • U.S. economy unexpectedly lost jobs in July, dimming prospects for a September Fed rate hike — https://www.cnbc.com/2026/08/07/jobs-report-july-2026.html • Treasury yields tumble as weak jobs data forces Fed rate-hike rethink — https://www.cnbc.com/2026/08/07/treasury-yields-steady-ahead-of-key-nonfarm-payrolls-jobless-data.html