Skip to main content. Skip to contact links. Skip to navigation. If you wish for the loan officer to reach out to you, click to skip to their contact form. If you have questions for this loan officer, click to call them. If you need loan servicing, click to call our loan servicing department at 855-979-1084 Skip to footer navigation.
Juliana Berg

Juliana Berg

Loan Officer
Movement Mortgage
NMLS ID # 779489

A Resilient Economy & Rate Cut Expectations

By: Movement Staff
February 16, 2024

February has proven challenging for bond yields, commencing with a robust employment report that triggered a sell-off. Subsequently, this week, the market experienced substantial positive surprises in both consumer and producer inflation reports. Although this week's consumer inflation release is not the Federal Reserve's preferred index, it still induces volatile swings.


Despite economic data not universally surpassing expectations, notably with Retail Sales, indications suggest that rate hikes are impacting the economy. With that said, the economy is certainly proving to be resilient. The recent data does not alter expectations for the March Federal Reserve meeting, as that was already ruled out.

 
Financial markets are now grappling with reconciling their expectations for mid-year rate cuts, in contrast to the Federal Reserve's stance of not anticipating any adjustments until later in the year. The upcoming week is characterized by a lighter economic data schedule.

Author: Movement Staff

The Market Update is a weekly commentary compiled by a group of Movement Mortgage capital markets analysts with decades of combined expertise in the financial field. Movement's staff helps take complicated economic topics and turn them into a useful, easy to understand analysis to help you make the best decisions for your financial future.

RELATED

Juliana Berg
Juliana Berg
Loan Officer
Wondering how much home you can afford? Let’s talk about your next move!
1520 Cooper Point Rd SW, Ste 350, Olympia, WA 98502
(opens in a new tab)
NMLS # 779489

State License #CO-100537647, FL-LO107166, MT-779489, WA-MLO-779489