Waller is looking past the headlines, spotting May–June job revisions (with more likely ahead) and pushing for a 50bp cut in rates. Oh, and by the way… he’s also the frontrunner for the next Fed Chair.
PCE rose 0.2% in July, year-over-year held steady at 2.6%, and Core ticked up to 2.9%, all exactly as expected.
Catch my drift? Everything came in as expected… and the bond market’s reaction was, well, no reaction.
With rates trending lower, I know you have options when it comes to choosing a lender, whether you’re refinancing or purchasing. What sets us apart is not only our expertise in lending, but also our understanding of the market and the timing of when to lock or float a rate.
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