There are still a few key data points guiding the Fed as it prepares for the October 29th rate cut decision.

The Chicago Fed’s Labor Market Indicators show the unemployment rate ticking up from 4.3% to 4.4%, signaling some softening in the job market. Auto delinquencies have also increased, while housing remains well below pre-pandemic levels, showing relative stability in that sector.

Rates are holding steady for now, but with the Fed’s decision and the 10-year Treasury hovering near 4%, it’s shaping up to be a busy week ahead. We’re all watching closely and hoping for lower yields.

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