Weekend Update


Market Update

  • The big news this week is that the Feds are meeting in Jackson Hole, Wyoming for their big symposium
  • The market is waiting to hear what Jerome Powell says today.
  • Rates got a little better this week, but the market is likely to react to whatever Mr Powell says tomorrow.  We’re hoping he doesn’t say much before the Fed’s Sept 20th meeting because there are several key reports coming out concerning inflation before that meeting in September. 
  • The Feds are really looking for weak job creation to feel like their rate hikes are working, but it appears that employers are holding on to their employees as much as they can currently.  


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

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