Markets are bouncing back with the Dow up nearly 500 points after a tough week driven by a weak jobs report. The disappointing data, along with downward revisions from previous months, reportedly led to President Trump firing the head of the Bureau of Labor Statistics. The weak job market raises fears of stagflation—low growth with some inflation. Many now expect the Federal Reserve to cut interest rates in September, which could boost the housing market in the latter half of the year and into 2026.
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