Category Archives: Last Week in Review

Last Week in Review: Rates hit seven-year highs midweek on the heels of a confusing Fed message

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Our Federal Reserve has a dual mandate – to maintain price stability (inflation) and maximum employment. They also have a 3rd “unstated” mandate, which is to maintain market calm. This past week, the Fed came up a bit short on that “unstated” mandate and created quite a bit of confusion… Read more »

Last Week in Review: Rates were higher early in the week – but improved on the heels of a soft Consumer Inflation reading and rout in Stocks

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When following the direction of interest rates, one only has to follow the direction of inflation. If inflation is moving higher, rates are going higher. The opposite is also true. Lately, there has been a growing fear that inflation is threatening to rise due to our tight labor market, strong… Read more »

Last Week in Review: Fed Chairman Powell praised the U.S. Economy and people are back to work

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The big news of the week – Bond prices went down, down, down, resulting in a sharp rise in interest rates to levels last seen in May 2011!!! What caused Bond prices to drop? Jobs, Jobs, Jobs. First it was Wednesday’s ADP Report, which showed an amazing 230,000 private jobs… Read more »

Last Week in Review: The Fed hiked its benchmark rate, while data on New Home Sales, GDP and inflation made headlines

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August New Home Sales rose 3.5 percent from July to an annual rate of 629,000, per the Commerce Department. However, July’s sales figure was revised lower to 608,000 from the 627,000 originally reported. Sales rose sharply in the Northeast, increased in the Midwest and West, and fell in the South…. Read more »

Last Week in Review: August brought mixed results on new home construction and sales of existing homes

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August Housing Starts rose 9.2 percent from July to a seasonally adjusted annual rate of 1.282 million units, above the 1.229 million expected. Single-family starts, which make up the largest share of the residential housing market, were up 1.9 percent while multi-family starts surged 27.3 percent. Housing Starts were flat… Read more »