What’s a Fed to Do?

The data pipeline is… not pipelining.

• BLS Jobs Report for October and November won’t hit until Dec 16 and it’s showing up without October’s unemployment rate, like it forgot part of its outfit.
• CPI (Inflation) for October? Canceled. Poof. Gone. We’ll go straight to the November CPI on Dec 18, as if October never happened.
• PCE (the Fed’s favorite inflation gauge) for September and October is still MIA. No release date. No update. No “we’ll call you back.” Just radio silence.

At this point, Powell’s probably refreshing his inbox like the rest of us. The likelihood of a Fed rate cut is fading fast, but the silver lining? Mortgage rates have actually rebounded, reminding everyone there’s often a hilarious (and frustrating) disconnect between the Fed rate and the mortgage rate.

It’s a short week, and our team is wishing you all a fantastic rest of the week — and a very Happy Thanksgiving! http://www.YourApplicationOnline.com