Ep. 130 - Where Is The Economy Headed? | January 2024 Lending Update

In this episode, host Quinton Harris and co-host Daniel Halvorsen provide a detailed analysis of the current economic landscape. They focus on mortgage rates, the job market, and inflation, offering a comprehensive understanding of the Federal Reserve's potential actions and their impact on the mortgage industry. If you’re in the real estate business or looking to buy or sell your next home, this is the episode for you.

[00:00 - 01:37] - Introduction and overview

[01:38 - 04:04] - Impact of inflation on consumer prices and market dynamics

[04:05 - 09:03] - Discrepancies in job reports and market reactions

[09:04 - 11:05] - Discrepancies in job loss and unemployment rates

[11:06 - 13:20] - Full-time vs. part-time employment in current economy

[13:21 - 15:01] - Federal Reserve's next moves and market predictions

[15:02 - 17:11] - Manufacturing sector and possible recession indications

[17:12 - 19:35] - Expectations for future Federal Reserve rate cuts

[19:36 - 23:38] - Advice for consumers in current market

[23:39 - 29:56] - Closing segment

Key Quotes:

"All we hear about is how strong the economy is right now. Everything in the reports says the exact opposite" - Quinton Harris

"There's a level of greed when rates come down," - Daniel Halvorsen

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