Mastering Encompass®

Hints at September Rate Cut? Market Update 8/5/2024


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Hey everyone, it's Larry Bailey. This is for the Week of July 29, 2024 in Review

The Fed held rates steady but hinted that the time for a cut may be approaching. Plus, there were more signs that the labor sector is weakening while home prices hit a new high. Here are last week’s headlines:

  • Fed Holds Rates Steady, Hints at September Cut
  • Weak July Jobs Report More Indicative of Real Picture
  • Private Payrolls Hit Lowest Level Since January
  • JOLTS, Jobless Claims Show Labor Sector Weakness
  • Home Prices Hit New Record High
  • Pending Sales Jump Higher in June

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Mastering Encompass®By Larry Bailey