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The Fed hints at no 2019 rate changes! {Market Report} February 22nd

The Fed hints at no 2019 rate changes! {Market Report} February 22nd
February 25, 2019 abryant

 

 

 

Is the glass half empty or half full? Neither, it’s just the wrong size!

I’m not claustrophobic, I just prefer to live outside the box.

I run with scissors it makes me feel DANGEROUS!

 

Now The Market Report . . .

 

The unsecured personal loan market hit an all-time high last year, reaching $138 billion. A rise in lending from fintech firms is helping to fuel the borrowing frenzy.

Minutes released from last month’s FOMC meeting show the Fed is likely to hold off on policy rate increases in 2019 and may slow balance sheet reductions too.

Jobless claims fell last week, down 23,000 to 216,000. But the 4-week average rose to a 1-year high, suggesting the labor market may be slowing down slightly.

 

Homebuilder sentiment rose in February after falling at the end of 2018. Lower mortgage rates and continued job market strength have boosted optimism.

January’s existing home sales were at their lowest level in 3+ years. Sales were down 8.5% from a year ago, continuing a loss of momentum in the market.

January’s median price for all housing types was up 2.8% over a year ago, at $247,500. At January’s pace, inventory will be exhausted in 3.9 months.

 

 

“Keep your face always toward the sunshine – and shadows will fall behind you.”

Walt Whitman

 

This week’s potential market moving reports are:

 

Monday, February 25th:          No Reports Scheduled

Tuesday, February 262th:         Job Openings Report

Wednesday, February 27th:    Consumer Price Index

Thursday, February 28th:        First Time Jobless Claims, Producer Price Index

Friday, March 1st:                      Retail Sales, Industrial Production

 

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