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.
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.
