Ep. 151 - 5 Signs Point To An Interest Rate Cut in May

Are the stars aligning for a Federal Reserve interest rate cut in May? In part two of this compelling lending update, Quinton Harris and Daniel Halvorsen uncover five crucial signs that point to a potential shift in the Fed's stance. Join them as they dissect the latest inflation data, including the CPI, PCE, and PPI, and explore how these numbers could influence the Fed's next move. With unemployment rates creeping up, could the Fed be forced to act sooner than later? Quinton and Daniel also break down the potential ripple effects of a rate cut on mortgage rates, HELOCs, and credit cards, giving buyers, sellers, and homeowners a glimpse into the future of the housing market. Don't miss this episode to help you navigate the ever-changing economic landscape. 

[00:00 - 01:14] - Introduction 

[01:15 - 03:15] - Inflation Data Impact

[03:16 - 04:22] - Producer Price Index

[04:23 - 06:27] - PCE Reading Analysis

[06:28 - 08:54] - Job Market Data

[08:55 - 10:11] - Path to Soft Landing

[10:12 - 11:45] - Fed's Dual Mandate

[11:46 - 13:54] - Recession Concerns

[13:55 - 15:45] - Rate Cut Timing

[15:46 - 17:32] - Mortgage Rate Impact

[17:33 - 18:59] - Buyer and Seller Implications

[19:00 - 20:12] - 10-Year Treasury Yield

[20:13 - 21:36] - Variable Rate HELOCs

[21:37 - 22:12] - Closing

Lending Update:
https://bit.ly/Lendingupdate2024

Key Quote:
"Powell signaled some significant signs that tell me the rate cut's coming" - Quinton Harris

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