Today’s podcast is more of a reality check on Fed rate cuts and mortgage rates after the exciting week we just had with inflation data and the Fed. For me, it’s been a straightforward process since 2022. The labor data is more important than inflation data because the Fed wants cover for its rate cuts while moving toward a neutral stance. For example, even if the Fed cut three times this year, they haven’t pivoted because, based on their metrics, they’re restrive. However, when the labor market breaks, they can be more dovish with their language and actions.
For those who prefer a YouTube channel, HousingWire has its YouTube channel, and both podcasts each week will be there now.
Every weekend for HousingWire, we bring out the weekly HousingWire Tracker report, where I take a deep dive into the current and forward-looking housing data lines so you can be up to date with the data lines that matter in housing. If you would like to join HW Plus to have access to the tracker, please use my LoganVIP20 code.
“In three words, I can sum up everything I’ve learned about life: it goes on.” -Robert Frost.
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else.