The markets remain focused on Friday’s employment data, with much discussion about the possibility of slowing economic growth. The question that will not be answered until next month, is was this a one off event, or is job growth slowing again?
The economic calendar is light this week, so the focus will be the U.S. Treasury auctions of 3 year notes, 10 year notes, and 30 year bonds, which will be held beginning tomorrow.
This morning’s WSJ has an extensive article on Fed policy, discussing the pressures which will keep the Fed on hold. It quotes several Fed officials who express concern about a “tail event” and who note that the economic facts do not justify shifting to a tighter policy stance.
Mortgage pricing is great again today, and even better with the HSOA purchase money and fico incentives!
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