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Solid jobs report sends mortgage rates lower

Housing Wire

Friday’s job report shows there is a clear pathway to get there. The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer. And now, the growth rate of inflation is falling. Job report. Can we have a soft landing in the economy?

Mortgage 543
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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming.

Marketing 502
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What happens after the Fed’s rate hike?

Housing Wire

And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good? From the WSJ article: “ U.S. From the WSJ article: “ U.S. The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike.

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Logan Mohtashami: The 2022 housing forecast

Housing Wire

Most of the time, the economy is like a slow-moving ocean liner that changes direction gradually and without much effort. But when a new, powerful variable presents itself, like the worldwide COVID-19 pandemic, the economy can change on a dime. COVID was a veritable iceberg for our ocean liner economy, but the ship did not go down!

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The Full Measure with Kevin Hecht: Economic Recap May 2023

McKissock

Tax revenue will increase slightly, but not enough to offset the expected spending surge. Reduced entitlements could stimulate GDP growth, whereas higher taxes risk suppressing economic activity. The Fed’s key supercore inflation metric increased by 0.2% This blog post highlights key insights and potential impacts.