Last Week In A Nutshell A quiet week was capped by a surprisingly dovish speech from Fed Chair Powell, who set the stage for the Fed to restart rate cuts at their September 17 meeting, bringing rates down to end the week. This Week’s Attractions The upcoming week looks to be very quiet on market-moving
Mortgage rates fell on Friday after Chair Powell used his annual Jackson Hole speech to set the stage for a rate cut at the Fed’s September 17 meeting. Ahead of the speech, futures markets had priced in about a 75% chance of a rate cut at the September Fed meeting, but Powell’s remarks led to
Last Week In A Nutshell Mortgage rates fell and markets got excited last week after a fairly benign CPI report drove expectations of rate cuts from the Fed, perhaps even outsized ones. Fed speakers, the PPI report, and retail sales all rained on that parade, however, suggesting no need for a cut larger than 25
Mortgage rates will stay flat today following an as-expected inflation report that keeps the Fed on track for a rate cut on September 17. Inflation remains above target and rising, at least partly due to tariffs, but today’s reading is not hot enough to derail a rate cut after the last jobs report. The expected
August 11, 2025 Last Week In A Nutshell: Last week saw no market moving economic data, leaving markets to mull over the July jobs report and continue playing everyone’s favorite parlor game: Who’s going to be the next Fed chair? But this week’s CPI report could move mortgage rates and make the Fed’s decision at
Mortgage rates will fall today following a weaker-than-expected jobs report that increases the odds of a September rate cut. U.S. employers added 73,000 jobs in July, fewer than the roughly 100,000 expected by forecasters. Almost all of the job creation previously reported for May and June was revised away and the unemployment rate ticked up