Weekend Update
Date
- 05/10/2024
Market Update
- There is not a ton of news for this week, but the big CPI report comes out next week.
- Barry Habib is predicting that the year-over-year number for the headline CPI number is predicted to go from 3.475 to 3.5 which is the wrong direction, but the core CPI which strips out food and energy is predicted to go from 3.797 to 3.64 which is heading in the right direction.
- Oil prices came down this month a little, but were up a little this past week.
- I’ll update you next week once I get the updated numbers!
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.
7/12/2024
Fed members seem to be leaning towards a rate cut. We may be on the cusp of things turning around finally!
5/31/2024
-PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.
5/24/2024
The market is going back and forth. We make some progress and then it reverses.
5/10/2024
There is not a ton of news for this week, but the big CPI report comes out next week.
