Fed gives strong signal that rate cuts are on the way

I told you in my last update that the Fed would give plenty of warning before cutting rates and that is what we got today. Here is a snippet of what the Fed chair had to say today: “The time has come for policy to adjust,” the central bank leader said in his keynote address […]

Tools to help you in this new market

The news is already spreading about the Fed cutting rates in September. Really the only question is will they do a 1/4% rate cut or ½% rate cut. The Fed meets next week in Jackson Hole for a symposium. I think that is just a fancy word for a meeting. Feel free to use that […]

Fed paves the way for rate cut in September

I tell you what, it’s a lot more fun writing these updates when there is a lot of good news to share! The Fed met this week and didn’t cut rates as was expected but paved the groundwork for a cut in September. While Fed Chair Jerome Powell was non-committal on the timing of the […]

7/11-Rate cuts look all but guaranteed in September

The much anticipated inflation report for June came out today and I’ll only briefly bore you with details before getting to the good parts I promise. The Headline Consumer Price Index (that’s gobbledygook meaning inflation report) fell 0.1% from May to June, marking the first monthly decline since the start of the pandemic. You might […]

A look at new home construction

Despite the hotter temperatures this week there is one thing that is cooling off this summer and that is new home construction unfortunately. Housing Starts dropped 6% month-over-month in May to 1,277,000 units which was both below expectations and the lowest figure seen in 4 years. Building Permits for future construction also declined month over […]