Daily Briefing — June 30, 2026
Today’s Briefing
The Jobs Report Arrives. But the Housing Signal Nobody’s Watching Is Flashing Something Interesting.
The big event this week is Friday’s June jobs report. Everyone will be watching payrolls. But the housing market has been sending a quieter signal worth understanding before the noise hits.
Fed Holds Steady: The Pause That’s Starting to Feel Like a Decision
10Y-2Y Spread: 0.31% (normal, steepening)
The Fed Is Holding Steady. The Market Isn’t Buying the Calm.
The federal funds rate lower bound has been parked at 3.5% since at least late June, and there is no sign of movement. On the surface, that looks like a confident, patient central bank. But the stock
Economic Wire: Supreme Court rules Trump cannot fire Fed Governor Lisa Cook
According to CNBC, the Supreme Court has temporarily blocked President Trump from removing Federal Reserve Governor Lisa Cook, allowing her to keep her seat while her legal challenge to the firing…
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