Week of December 11, 2023 in Review The Fed left rates unchanged at their meeting last week. This followed news that inflation at both the consumer and wholesale levels continued to cool in November. Here are the headlines: Fed Pivots, Signals Rate Cuts Are Ahead Continued Progress on Consumer Inflation Wholesale Inflation Also Cooled Retail…
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MBS Road Signs 12-11-23 Week of December 4, 2023 in Review The latest labor sector data showed mixed results, while home prices increased. Here are the highlights: BLS Jobs Report Not What We Wanted Private Payrolls Below Expectations Job Openings Lower Jobless Claims Home Prices Hitting Highs BLS Jobs Report Not What We Wanted The Bureau of…
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Week of November 27, 2023 in Review There was welcome news for consumers as inflation continued to inch lower in October. Plus, tight housing inventory is still hindering contract signings and boosting home values. Here are last week’s headlines: Inflation Inching Lower Pending Home Sales Plunge in October What the Media Misunderstands About New Home Sales Home…
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Week of November 13, 2023 in Review Inflation continued to cool in October, while we saw an uptick in construction despite dampening homebuilder confidence. Plus, the latest Retail Sales and Jobless Claims suggest a slowing economy. Here are last week’s headlines: Easing Consumer Inflation a Welcome Sign Huge Progress in Wholesale Inflation Are “Better Building Conditions” Ahead?…
Read MoreWeek of November 6, 2023 in Review More reports show that home prices are setting records, while continuing unemployment claims hit a seventh-month high. Plus, what you need to know about some key recession indicators. Here are last week’s headlines: Home Prices Continue to Hit New Highs Continuing Jobless Claims Increase for Seventh Straight Week What Important…
Read MoreWeek of October 23, 2023 in Review Consumer inflation continued to inch lower in September, while signed contracts for new and existing homes were better than expected, showing resiliency in the housing market. Read on for last week’s headlines: Inflation Inching Lower Pending Home Sales Perk Up in September Big Rebound in New Home Sales…
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