Weekend Update
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Date
- 07/26/2024
![](https://loanscanbefun.com/wp-content/uploads/2024/07/Weekend-Update-7-26-24.png)
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Market Update
- PCE came in this morning. It wasn’t as low as we’d hoped, but mortgage-backed securities are actually doing ok and going the right direction.
- Headline reading came in at .08, up .01, Year-over-year it went from 2.6 to 2.51
- Core PCE came in at .18, today’s was 2.63, up from 2.62, slight increase
- Shelter (2nd largest part of core pce) shows improvement, 5.54% to 5.35%, rent 5.05 from 5.26
- Month-over-month it is at.27. Shelter is starting to fall into place so we should start seeing some improvements
- Things look to be improving month over month
- Sept 18 Fed meeting, likely a cut
- Income rose .2, half of what was expected
- Spending rose by .3,
- People are spending more than they are taking in, savings rate fell 3.5 to 3.4%, lowest level since 2022.
- BLS job report next week.
![](https://loanscanbefun.com/wp-content/uploads/2024/01/cropped-2024-01-22_lcbf_nmls_logo_2x-1024x1024.png)
![](https://loanscanbefun.com/wp-content/uploads/2024/07/DSC06278-1024x683.jpg)
7/26/2024
PCE came in this morning. It wasn’t as low as we’d hoped, but mortgage-backed securities are actually doing ok and going the right direction.
![](https://loanscanbefun.com/wp-content/uploads/2024/07/DSC06171-1024x683.jpg)
7/12/2024
Fed members seem to be leaning towards a rate cut. We may be on the cusp of things turning around finally!
![](https://loanscanbefun.com/wp-content/uploads/2024/05/DSC07653-1-1024x683.jpg)
5/31/2024
-PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.
![](https://loanscanbefun.com/wp-content/uploads/2024/05/56d0283db80fe2492-1024x683.jpg)
5/24/2024
The market is going back and forth. We make some progress and then it reverses.
![](https://loanscanbefun.com/wp-content/uploads/2024/05/1-1024x692.jpg)
5/10/2024
There is not a ton of news for this week, but the big CPI report comes out next week.