News & Resources
New American Funding Wins Twice in NerdWallet's 2019 Best-Of Awards
posted by New American Funding | February 19, 2019
5 Good Reasons to Buy a Home Now
posted by New American Funding | February 15, 2019
We moved from NFP not mattering (and then causing a surprisingly big intraday stir) to the Fed undergoing quite a similar routine. Granted, in the bigger picture, neither event will be memorable or have a lasting impact on rate momentum, but they both came as close as they could.
Today's reaction to the Fed was the opposite of the reaction to last week's NFP (a fact that only reinforces NFP "not mattering" since yields have now traded well below pre-NFP levels). I'd argue that today's reaction to the Fed was also a bigger surprise and based on more interesting underlying...
Information received since the Federal Open Market Committee met in
September indicates that the labor market remains strong and that economic activity has been rising at a moderate rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low. Although household spending has been rising at a strong pace, business fixed investment and exports remain weak. On a 12 -month basis, overall inflation and inflation for items other than food and energy are running below 2 percent. Market-based measures of inflation compensation remain low;...