Job openings ticked slightly higher, but consumer confidence is slipping.
The labor market has cooled from an average of two jobs per seeker to nearly a one-to-one ratio.
With several key reports ahead, including the BLS data but if the Government shuts down that volatility and uncertainty continue to push money into the bond market, helping to keep rates moving lower.
Case Shiller Home Price Index showed home prices fell 0.1% in July, first decline in awhile. Y/Y home prices rose 1.7%.
All eyes are on tomorrow’s ADP report the real gold standard for jobs. Expect it to be a major market mover. Poor jobs report, lower rates.
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