Powell Clears The Way for a Sept Rate Cut

Last week’s Jackson Hole conference gave us a clearer picture of where the Fed stands heading into September. Powell kept his tone cautious, acknowledging progress on inflation but stopping short of declaring victory. The message: they’re willing to cut rates, but only if the data keeps pointing the right way. Between now and the Fed’s […]

Job Numbers: Missed It by That Much

Indulge me in a quick rant. Knowing the jobs report is one of the Fed’s key data points for rate decisions… why didn’t they wait to meet after the July numbers came out? Delaying the meeting by one week could’ve changed the entire outcome. If the Fed had seen this report beforehand, there’s a good […]

Will Trump Fire the Fed chair if no rate cut in July?

Lately, Donald Trump has floated the idea of firing Federal Reserve Chair Jerome Powell. As with many of his public statements, it’s unclear whether this is a serious policy move or simply jawboning to pressure Powell into cutting rates ahead of the election. That said, it’s worth watching. The Fed is unlikely to cut rates […]

Tough start to the new year for mortgage rates

It looks like a new year’s hangover is what’s in store for mortgage rates so far this year. The December jobs report came out today much stronger than expected which caused rates to spike. 256,000 jobs were created vs 160,000 that was expected. An interesting thing to note is that most of the jobs created […]

Mortgage rates giving us coal for Christmas

Raise your hand if you thought mortgage rates would go down after the Fed cut rates again for the third time this year? Sadly you would be wrong! That’s right everyone is in the Christmas spirit except for mortgage rates. So what gives? In his press conference on Wednesday Fed chairman Jerome Powell basically said […]