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.

4/26/2024

Quarterly 1 GDP shows growth of 1.6% instead of the 2.5% estimated.

3/8/2024

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

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.

01/26/2024

Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.

08/25/2023

The big news this week is that the Feds are meeting in Jackson Hole, Wyoming for their big symposium