Ep. 55 | Rates Jump on Fed Day. But Don't Blame Them, Blame Oil Prices

The Fed announced they were holding rates for the third straight meeting. However, there were four dissents. Stephen Mirran wanted a rate cut, but the other 3 were because they weren't happy with the statement. Housing starts jumped to a 14-month high, and durable goods orders were better than expected. However, none of that caused rates to jump; that was because of rising oil prices... 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