Weekend Update

Date

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.  

7/12/2024

Fed members seem to be leaning towards a rate cut. We may be on the cusp of things turning around finally!

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5/31/2024

-PCE (personal consumption expenditures) shows all-in inflation rose .3% for the month which was expected.

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3/8/2024

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

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