Moore Mortgage Solutions

    Today, the PCE and the Core PCE came out. The Core PCE which is the Fed’s favorite inflation gauge reported within expectation. The Fed’s target zone for inflation is between 1%-2%. Inflation over the last 12 months remains at 1.8%.

    Yesterday as I reported, the Fed cut their Fed Fund Rate by .25%. And after the meeting, the Fed said, and I am paraphrasing, they are concerned that there may be renewed pressure on inflation increasing due to energy and commodities prices rising.

    Economic analysts don’t feel that the Fed will cut the Fed Fund Rate again this year.

    Until next time, make your days inspired ones.

Betsy Moore

betsy@mooremortgagesolutions.com