Archive for January, 2008
Rates Drop in Anticipation of Unemployment Data Tomorrow
31 January 2008Bonds were up today on stock market weakness and anticipation of weak employment data tomorrow. Expect rates to improve by .25 to the points today.
Today’s reports had little influence on rates. The Q4 Employment Cost Index came in as expected, and the January Personal Income and Outlays report showed higher than expected readings, [...]
Fed Cuts Rates Again, 1/2%, Rates Go Up
30 January 2008In the first FOMC meeting of the year, the Fed cut rates by .5% as generally expected. This followed the emergency rate cut of .75% last week, and indicates that the Fed really believes that the economy is in bad shape. The stock market has reacted favorably this afternoon, and as a result [...]