23K US Jobs Lost in July: Dollar Tumbles, S&P 500 Hits Record
The US economy unexpectedly shed 23,000 jobs in July 2026, obliterating forecasts and forcing a rapid repricing of Federal Reserve rate hike expectations. The dollar fell, Treasury yields dropped, and the S&P 500 rose to a new record as risk appetite surged. The report has revived concerns about labor market health and shifted the monetary policy outlook decisively dovish.
Source: bssnews.net · manilatimes.net