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Listen " "A Day In The Life" Of Powell - TMSpotlight by Les Parker"
Episode Synopsis
9.23.24 "A Day In The Life" Of Powell-------------------Locks up, fallout is dead. Drag new locks across the hedge. The Fed’s 50 bps rate cut signals concerns about the labor market. However, Chairman Powell downplayed the likelihood of further outsized rate cuts. Mortgage rates rose in response.The era of short-term rates being higher than long-term rates is ending. So, disinversion is flourishing. Plus, risk-on trades are roaring back. As a result, look for mortgage rates to wobble between 6.50 and 6.10 while waiting for inflation to fall further.Jay loves to turn risk on.---------------Song: A Day In The Life (1967) The Beatleshttps://www.youtube.com/watch?v=usNsCeOV4GM---------------
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