The United States is in the longest economic expansion in its history. And to further show the strength of the economy, the unemployment rate in the country has dropped to a 50-year low. In September, the Bureau of Labor Statistics … Read More
Friday – October 4, 2019 And the survey says: 136K jobs were created in September which was just below expectations of 145,000. Inside the report it was mostly upside surprises. First, there were solid upward revisions for the previous two … Read More
The Federal Reserve lowered the Federal Funds rate for a second time this year. They lowered the Federal Funds rate by .25%. The Fed left the “door open” to another drop later this year at their next meeting, but it … Read More
Friday – September 27, 2019 Inflation, as measured by the Core PCE, rose to 1.8% annually in August from 1.7% in July, which was revised from 1.6%. The Core PCE is the Fed’s favorite inflation gauge and has set a … Read More
In August this year, foreclosure starts sank to their lowest level in more than 18 years! That is according to the latest First Look report from Black Knight. Foreclosure starts fell to 36,200 for the month – which is the … Read More
Friday – September 20, 2019 The Federal Reserve cut its benchmark interest rate on Wednesday by 0.25% but there have been a few differing opinions as to what the Fed members should have done. This morning, St. Louis Fed President … Read More
This week, we are expected to see the Federal Reserve cut rates once again. The Fed has their FOMC meeting on Wednesday where they are largely expected to cut rates by 0.25%. The last time this happened in July, Federal … Read More
Friday – September 13, 2019 After suffering big losses in August due to negative trade headlines, US stock markets have reversed in September and are now just below the all-time highs seen in late July. Easing fears of an impending … Read More
A record number of homeowners are eligible for a refinance. According to Black Knight, 11.7 million mortgage holders can now get a lower rate and save hundreds of dollars every month. This comes as we continue to see the downward … Read More
Friday – September 6, 2019 Job growth slowed a bit in August though the overall market is still in good shape. The Bureau of Labor Statistics reports that non-farm payrolls rose 130,000 last month, below the 171,000 expected while June … Read More