Job Openings, ISM Mfg, Development Spending, Car Gross sales

by Calculated Danger on 9/30/2024 07:11:00 PM

From Matthew Graham at Mortgage Information Each day: Mortgage Charges Reasonably Larger to Start The Week

Mortgage charges have usually been shifting greater for the reason that Fed minimize charges 2 weeks in the past. … Whereas immediately’s weak spot cannot be lowered to a single issue, the first motivation was a speech from Fed Chair Powell by which he reminded the market that the Fed was not in a rush to chop charges. The message wasn’t that totally different from the press convention that adopted the Fed price minimize 2 weeks in the past, however some market contributors had been maybe hoping to see a softer aspect of Powell. [30 year fixed 6.24%]
emphasis added

Tuesday:
• At 10:00 AM ET, Job Openings and Labor Turnover Survey for August from the BLS.

• Additionally at 10:00 AM, ISM Manufacturing Index for September. The consensus is for a studying of 47.6, up from 47.2 in August. 

• Additionally at 10:00 AM, Development Spending for August. The consensus is for a 0.1% improve.

• All day, Gentle automobile gross sales for September. The consensus is for gross sales of 15.7 million SAAR, up from 15.1 million SAAR in August (Seasonally Adjusted Annual Price).