The strongest jobs week we’ve seen in a long time was followed by surprisingly strong existing home sales and a relatively mild rise in “core” CPI.
It is all about the rates. I am not holding my breath for anything earth shattering, We have three options. They go down, they go up or they stay the same. Not a lot of movement there in any case.
The Fed will meet next week to vote on the direction of interest rates, with no change to policy rates expected.
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