While still on the road headed back to the home perch today …. wanted to point out. as promised last week, Rate cuts and other peripheral rates …
Last Week the FOMC cut rates:
This from the 100 foot level or immediately after the rate cut announcement.
This from the 10k foot level/one year view!
With an expectation of higher CPI (Consumer Price Index – Blunt inflation measure) heading higher (Feds stated goal right now is 2%) likely above 3%, the set up for lower Mortgage Rates and Interest Rate may be a wishful item YET (our view likely to change after the calendar turn) …. Very bad employment numbers numbers could throw a towel in this thesis, but this is likely not the case either.
Bottom Line: Lower Mortgage Rates may not be in the cards YET! We will be watching closely!
Have a Great “FOMC, Interest and CPI Rate Update” Day!
John A. Kvale CFA, CFP
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Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
