Weekend Update

Date

Market Update

  • PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.
  • YOY inflation remained stable at 2.7%.  Energy costs rose 1.2% for the month which contributed to the inflation numbers.
  • Core rate (which strips out food and energy) rose .2% last month and this is the one the Feds focus on.
  • Core retail sales were negative and durable goods flatlined.  If this continues, this is a good indication of a slowdown. *Basically, not seeing much progress on inflation, but it’s not getting worse. 
  • 30 day lates on mortgages declined from 2.8% to 2.6% in March
  • 90+ days lates rose from .9% to .11%
  • These are still healthy levels

5/31/2024

-PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.

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3/8/2024

Used care prices fell .1 year over year and fell .8% in February. Car sales play into inflation numbers

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2/9/2024

Bonds are a little down right now so we recommend locking at the moment Congressional Budget Office says the deficit is no 1.6 T. They think it will increase 60% in the next 10 years if nothing was added. That is extremely unlikely.

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