August 8, 2026

Budget, Personal Loans

July Payrolls Fall 23,000, Cooling the Case for a September Fed Hike

A nearly empty job fair hall late in the afternoon, with rows of folding tables, scattered empty chairs, and a few recruiters packing up banners as long shadows stretch across the concrete floor.

U.S. employers cut 23,000 jobs in July and revisions erased 103,000 more from May and June, pushing September Fed hold odds to about 60 percent. Prime holds at 6.75 percent.

Shelly Warding
August 8, 2026