Employment data and mortgage rates are intimately connected. This is partially because the Federal Reserve must maintain conditions that favor as high a level of employment as possible but must also contain inflation. These are not compatible with each other. The Federal Reserve and Discount Rates Each month, the Bureau of Labor Statistics publishes an […]
Tag Archive | "employment report"
Last week saw more economic data showing modest economic growth in the US. Positive economic data last week consisted of GDP numbers showing a 3% annual rate in the fourth quarter of 2011, a rise in consumer confidence and initial jobless claims falling. Further confirmation of a possible recovery in progress came from Fed Chairman Ben Bernanke, […]
There are very few notable economic events taking place this week on the Economic Calendar that might affect rates this week. Fortunately, it looks like rates will continue to sustain their current levels based on the disappointing economic data that was released last week. This provides yet another great window for being able to take […]