Daily Rate Update: September 30th-October 4th

Daily Rate Update: September 30th-October 4th

Friday – October 4, 2019 And the survey says: 136K jobs were created in September which was just below expectations of 145,000. Inside the report it was mostly upside surprises. First, there were solid upward revisions for the previous two months, adding 45,000...
The Federal Reserve’s Biggest Test

The Federal Reserve’s Biggest Test

The Federal Reserve lowered the Federal Funds rate for a second time this year. They lowered the Federal Funds rate by .25%. The Fed left the “door open” to another drop later this year at their next meeting, but it really seems like that decision will not be reached...
Daily Rate Update: September 23rd-27th

Daily Rate Update: September 23rd-27th

Friday – September 27, 2019 Inflation, as measured by the Core PCE, rose to 1.8% annually in August from 1.7% in July, which was revised from 1.6%. The Core PCE is the Fed’s favorite inflation gauge and has set a target range of 2.0%. It has been running...
Foreclosure Starts at an 18-Year Low

Foreclosure Starts at an 18-Year Low

In August this year, foreclosure starts sank to their lowest level in more than 18 years! That is according to the latest First Look report from Black Knight. Foreclosure starts fell to 36,200 for the month – which is the lowest number for any single month since...
Daily Rate Update: September 16th-20th

Daily Rate Update: September 16th-20th

Friday – September 20, 2019 The Federal Reserve cut its benchmark interest rate on Wednesday by 0.25% but there have been a few differing opinions as to what the Fed members should have done. This morning, St. Louis Fed President Bullard said that he wanted a...