"Eylül 7, 2024" Arşivleri

Arşiv Sayfaları

Is the Fed behind the curve with this labor market?

In 2022, I argued that the Federal Reserve won’t pivot until the labor market breaks. This means that the Fed will need to create such a slowdown in the labor market that nobody will question their action when they pivot. This is what I call the “cover cuts”  policy. After today’s jobs report and the…

Mortgage rates haven’t budged after the jobs report 

Mortgage rates remained flat following a jobs report on Friday that continued to show a cooling labor market. Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire.  Kevin Leibowitz, president…

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