The last newsletter warned that it was time to start thinking about incredibly high volatility potential due to events in the first few days of November. But as far as interest rates are concerned, the volatility is already here. Rates jumped sharply higher to start...
Last week’s labor market data and Fed speeches solidified the case for the Fed to cut rates by at least 0.25% when it meets next week. With more and more buzz surrounding that rate cut, it’s only natural for consumers to enthusiastically wait for the...
Last week alone, mortgage rates hit their lowest levels in well over a year and moved higher at their 3rd fastest pace in nearly 2 years. Monday (8/5) morning began with global financial markets in the throes of some serious volatility. Some investors cited a ramp in...
The events of last week serve as an exclamation point in one of the many sentences that tell the story of the big shift away from the generationally high rates seen at the end of 2023. The story has had its ups and downs since then, but it has been going fairly well...
Last week’s most important economic data was the PCE price index which is the gold standard of big picture inflation measurement. For those hoping to see rates drop, it was important for PCE to confirm the progress seen in the CPI data (the other major inflation...
