Thoughtful Money with Adam Taggart · Saturday, August 8, 2026
The recent US payroll report indicated a weaker-than-expected job market, with payrolls down approximately 23,000. This data point has led to a decrease in bond yields and a rise in precious metals prices. Michael Lebowitz suggests this data reduces the likelihood of the Federal Reserve hiking interest rates at its upcoming September meeting, with odds falling significantly.
“So, um, if that comes to fruition, and we get a plus point one or zero or even a minus, I think the rate increase odds are off the table. They've already fallen from, I think they got as high as 80, 85% at the September meeting. They're down to 40 today.”
“So we're seeing bond yields come down a bit, we're seeing the price of precious metals jump here.”