01/08/2024
Happy Second Week of the New Year! Hopefully you are back in the swing of things!
Friday seemed to end the week a little wishy-washy which could could be attributed to a number of factors. There is a lot of talk in the media questioning the FEDs potential March rate cut. The jobs report seemed strong on the surface but it did have a few cracks in the foundation and traders are showing their belief that the FED will have to start to cut in March. Overall, a March rate cut has about a 30-40% likelihood.
Rates will likely hold steady this week leading up to Thursday's CPI report release.
NOTE: The data above is courtesy of OBMMI/Hammer Helmer. The charts show an average and your clients mileage may vary based on a number of factors.