US Yields Plummet on Soft Payrolls, Pointing to Rate Cut

The US government is seeing a bit of a slowdown in how many jobs are being created, which makes it more likely that the Federal Reserve might lower interest rates soon.

This is causing investors to buy bonds, which in turn makes the interest rates on these bonds go down.

Experts now think there's a good chance the Fed will cut rates in September.

The manufacturing sector is also shrinking, with factories not hiring as many people.

The government is watching all of this to see how the economy is doing.