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December 10, 2024 – The Picture Sharpens

Economic Commentary Last week we had the final published jobs report for the year. November’s report came in with a gain of 227,000 jobs. Because of the incomplete numbers of the previous month, the revision of October’s numbers was also an important area of focus. Originally reported at 12,000, October’s jobs gains were revised upward by 24,000. In addition, September...” Read More

Posted by starwest

December 3, 2024 – A Better Picture

Economic Commentary We have had so many months of jobs gains that the monthly employment report has held little intrigue lately. As a matter of fact, the ancillary numbers such as wage inflation have garnered more attention than the number of jobs gained in some circles. For at least one month, this is no longer the case. In October, the...” Read More

Posted by starwest

November 26, 2024 – The Budget Deficit

Economic Commentary The initial response to the President-elect’s victory was a huge Wall Street rally. Despite the fact that there were already significant gains in 2024, stock market indices reached new heights immediately after the election. The bond market? Not so much of a rally, despite the fact that the Federal Reserve lowered their benchmark lending rate at a scheduled...” Read More

Posted by starwest

November 19, 2024 – Back to the Inflation Picture

Economic Commentary The election is over. The Federal Reserve has met and made their decision regarding short-term interest rates. The next question is – where do we go from here? While the Fed has lowered their rates, mortgage rates actually increased leading up to the election and the meeting of the Fed. And this increase was not a small bump...” Read More

Posted by starwest

November 12, 2024 – The Results

Economic Commentary A lot has happened in the past few weeks. First, we had a slew of data showing that the economy is still on solid footing. The advanced estimate of economic growth (GDP) for the third quarter came in at 2.8% — a solid, but unspectacular number. The October jobs report was obviously affected by the recent hurricane disasters...” Read More

Posted by starwest

November 5, 2024 – It’s Election Day

Economic Commentary Today is the day we elect the next President of the United States – along with many Senators and a complete slate within the House of Representatives. Whatever side you are on, it is important that you go out and vote, though nowadays many Americans have voted early. A recent Gallup pole has indicated that as many as...” Read More

Posted by starwest

October 29, 2024 – Not in a Straight Line

Economic Commentary If there is one feature of the markets you can always count on, it is the attribute of non-lineal progression. What does that mean? In plain English, it means that the markets do not rise or fall in a straight line or in accordance with a certain set path. For example, when mortgage rates rose from a low...” Read More

Posted by starwest

October 22, 2024 – Quiet Period?

Economic Commentary Before every meeting of the Federal Reserve there is a blackout period in which the members have to refrain from talking to the public and the media regarding the state of the economy and their policies. This particular blackout period, which starts in a few days, takes on special importance because it is also the period before the...” Read More

Posted by starwest

October 15, 2024 – The Inflation Picture

Economic Commentary Last week we had the latest inflation readings. The Consumer Price Index was reported to be up 0.2% monthly and 2.4% annually in September. The core readings excluding food and energy were higher. The Producer Price Index was reported unchanged for the month and up 1.8% annually, but again higher at the core level. Overall, these readings were seen...” Read More

Posted by starwest

October 8, 2024 – We Want More!

Economic Commentary The Federal Reserve has lowered their Federal Funds Rate. As we have indicated, the move was expected – and the bond markets had strongly anticipated this move. But the Fed lowered their base rate by 0.5%, yet mortgage rates have moved down approximately 1.25% from their peak earlier this year. Why is that? Because the markets are expecting...” Read More

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