Ep. 43 Rates Fall On Powell Comments on Oil Shock

Rates fell to start the week thanks to Federal Reserve Chairman Jerome Powell explaining why the Fed is not worried about a short-term spike in oil prices. However, he did explain that if oil prices stay high for a longer period, it could impact consumer sentiment, which could force the Fed to act. In other news, Japan ramps up its investments in the US housing market and the markets prepare for an early jobs week and possible weak data. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wilmingtonmortgage.substack.com