Although swings in net exports continue to affect the data, recent Recent indicators suggest that growth of economic activity moderated in the first half of the year. The Job gains have slowed, and the unemployment rate has edged up but remains low, and labor market conditions remain solid. low. Inflation has moved up and remain... (continue reading)

Several things happen on Fed Day--especially on the 4 out of 8 examples with updated rate forecasts from Fed members.  The official announcement of a rate cut is typically the least important aspect.  In fact, it is usually entirely unimportant in terms of its impact on mortgage rates . Instead, the bonds that determine mortgage rates are much... (continue reading)