YELLEN SUPPORTS STIMULUS EFFORTS

YELLEN SUPPORTS STIMULUS EFFORTS

Likely Incoming Fed Chief Says Economy Still Needs Boost In mid-November, Janet Yellen, President Obama’s choice to replace Federal Reserve Chief Ben Bernanke, indicated that she would likely continue with the Fed’s economic stimulus efforts, known as Quantitative Easing. At … Continue reading

LET THE TAPERING BEGIN

LET THE TAPERING BEGIN

Rates on the Rise as Economy Improves In the last week of May, Fed Chairman Ben Bernanke hinted that the Fed would cut back on its “Quantitative Easing” program. QE was initiated in efforts to stimulate the economy by buying … Continue reading

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

Forecast for the Week  The second half of the week heats up with several important reports. Weekly Initial Jobless Claims will be released on Thursday. Last week’s report showed that initial claims surged by 28,000 to 385,000, the highest number … Continue reading

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

Forecast for the Week  The labor market will be front and center this week, with several important reports. On Tuesday, ISM Services will be released. Wednesday kicks off the various reports relating to the labor markets with the ADP Employment … Continue reading

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

Forecast for the Week  The credit markets are closed on Monday in observance of Columbus Day, and the week features a light economic calendar after that. The Fed’s Beige Book will be released on Wednesday. The Beige Book contains anecdotal … Continue reading

EASE ON DOWN THE ROAD: WHAT QE3 MEANS FOR HOME LOAN RATES

EASE ON DOWN THE ROAD: WHAT QE3 MEANS FOR HOME LOAN RATES

In September’s issue of YOU Magazine, we discussed the possibility that the Federal Reserve would announce further purchases of Mortgage Bonds to keep home loan rates low and help the economy continue to grow. On September 13th, the Federal Reserve … Continue reading