Weekend Update
Date
- 08/25/2023
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.
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.
08/25/2023
The big news this week is that the Feds are meeting in Jackson Hole, Wyoming for their big symposium
08/18/2023
It’s been a rough week for mortgage rates. I know we are all feeling it. HANG IN THERE!
05/26/2023
Credit Rating Agency Fitch said it is moving the US to “rating watch negative” Fitch is one of the 3 major credit rating agencies.
