Market updates and breaking news

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.  

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

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

The market is going back and forth.  We make some progress and then it reverses.  

There is not a ton of news for this week, but the big CPI report comes out next week.

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