by corporateadmin | Apr 19, 2024 | Weekend Watch
· Mortgage Rates1 – Looks like the cat is out of the bag. With Fed Chairman Powell’s comments at a policy forum earlier this week saying that he was “no longer confident that inflation is moving toward the Fed’s 2% target,” what had previously been lurking in...
by corporateadmin | Apr 12, 2024 | Weekend Watch
· Mortgage Rates1 – Yikes, who knew that CPI was actually a four-letter word? March inflation data was hotter than expected almost any way you look at it. Higher inflation suggests that the Fed will likely delay any previously anticipated rate cuts, with the...
by corporateadmin | Apr 5, 2024 | Weekend Watch
· Mortgage Rates1 – Monthly reporting of jobs data hit the markets this week, with several important reports coming in stronger than expected, most notably this morning’s BLS Jobs Report that beat expectations by more than 50% (303k jobs created vs....
by corporateadmin | Mar 29, 2024 | Weekend Watch
· Mortgage Rates1 – A mixed bag of economic data highlighted by upward revisions to Q4 2023 GDP has seen pundits shift their commentary to a ‘no landing’ scenario (vs. a ‘soft landing’). In essence, suggesting that the Fed may be justified keeping the Fed Funds...
by corporateadmin | Mar 22, 2024 | Weekend Watch
· Mortgage Rates1 – The markets breathed a collective sigh of relief following Fed Chairman Jerome Powell’s post-meeting comments – alleviating concerns that the Fed may be justified in keeping its benchmark Fed Funds Rate at current levels for a more extended...
by corporateadmin | Mar 15, 2024 | Weekend Watch
· Mortgage Rates1 – Just when it was starting to look like the markets were settling down, a fresh round of CPI and more significantly, PPI data put us back in our place. The reason the PPI data (which came in up 0.6% month-over-month, twice what was...
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