Lower Rates Today Again
29 February 2008
Rates dropped further today on stock market losses. Rates will improve today by .375 to the points.
Both economic reports today came in today showing stronger than expected results. Normally this would have hurt rates, but the stock market overshadowed their impact. January Personal Income and Outlays and the University of Michgan both showed stronger than expected results.
The focus of next week is the February Employment Report from the Labor Department, due out next Friday.
Sphere: Related Content
No comments yet