Thanks again to Tricia Morris of Premier Mortgage for allowing us to use excerpts from her newsletter. Tricia’s number is 808-874-8800 or email firstname.lastname@example.org
The week ahead looks to be loaded with action yet again, as two key reports bookend the week. On Monday, we will get the details on the Fed’s favorite gauge of inflation, the Core Personal Consumption Expenditure (PCE) index, found within the Personal Income report. As mentioned above, the Fed said they believe that “inflation pressures will remain subdued in coming quarters”, so it will be important to see what this report reveals.
On Friday, the Labor Department releases their Jobs Report for January. Last month, they reported 524,000 jobs lost during the month of December. The employment environment continues to be shaky, with many major companies such as Home Depot, Caterpillar, Sprint, and Texas Instruments announcing job cuts recently. While all those cuts won’t take place at once, Friday’s number probably won’t be a pretty one.
Remember: When Bonds prices move higher, home loan rates move lower and vice versa. As you can see in the chart below, Bonds and home loan rates lost some ground since the Fed’s meeting last week. As always, I will be watching closely to see what happens this week – and encourage you to call me to learn more or discuss your own financial picture.
With the economy tightening, now is the perfect time to review your finances and prepare a smart plan for your spending. In this short video, you’ll get five great ideas to help you analyze your spending, locate and plug the leaks, and stay on track with a comfortable budget that helps you achieve your goals.