First Dissent Since 2005 Shows Total Lack of Diversity at the Fed
Tyler Mitchell The Fed takes pride in its diversity. It a blatant lie and groupthink proves it. Every month, a…
Existing Home Sales Decline for the 24th Time in 31 Months
Existing-home sales declined 2.5 percent in August. The supply of homes for sale increased slightly to 4.2 months.…
Mortgage Rates Rise Following Fed’s Big Interest Rate Cut
It’s no surprise in this corner, but mortgage rates are up following the rate cut. Let’s discuss why.…
The Ominous Reason Continued Unemployment Claims Have Improved
Continued weekly unemployment claims have fallen from 1.87 million on July 20 to 1.83 million on September 7.…
Stronger than Expected Housing Report in August, Especially Completions
Housing starts, permits, and completions jumped in August, especially completions. Here are the details. Building Permits Privately-owned housing…
Rate Cut Cycle Begins, Fed Cuts its Key Interest Rate by a Half-Point
The market expectation ahead of the meeting were roughly a coin toss but the Fed pulled the trigger…
Dot Plot of Fed Projections Suggests 1-2 More Quarter-Point Cuts This Year
Two Fed members project no more cuts this year. The median projection is a Fed Funds Rate of…
Retail Sales Rise a Feeble 0.1 Percent, Yet Generally Better than Expected
Retail sales were better and worse than expected depending on category breakdowns. Advance nominal and real (Inflation-Adjusted) and…
Industrial Production Rises Strongly from Steep Negative Revisions
After a steep decline, then negative revisions, Industrial Production is about where it was in June. This action…
It’s Rate Cut Wednesday, This is What the Fed Will Say Today
Let’s see if we can predict what the Fed will say today whether the decision is to cut…