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Another Fed Rate Cut Is On Its Way: Find Out Why

By
Mortgage and Lending with Clarion Mortgage Capital, Inc.

 

 

 

 

 

 

 

 

 

Dear reader,

Mortgage Bonds were in rally mode this morning after Retail Sales, showed its weakest growth in five years with an overall annual growth rate of 4.2%.The NY State Manufacturing Index , and the Producer Price Index(PPI) were reported lower than expectations.  When excluding volatile energy and food prices, the Core PPI matched the consensus forecast.

With this economic data, I don't see why the Fed should not have reasons to cut rates by .50%, and in fact it seems like traders are now hoping the Federal Reserve may slash rates before its next two-day session ending on Jan. 30.

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