Skip to main content. Skip to contact links. Skip to navigation. If you wish for the loan officer to reach out to you, click to skip to their contact form. If you have questions for this loan officer, click to call them. If you need loan servicing, click to call our loan servicing department at 855-979-1084 Skip to footer navigation.
Annette Dougherty

Annette Dougherty

Branch Leader
Movement Mortgage
NMLS ID # 408646
1653 The Fairway, Jenkintown, PA 19406
Dial Phone Number
p: (215) 715-1552
o: (610) 834-6466
f: (866) 781-7259
Send E-mail to
e: annette.dougherty@movement.com

A Resilient Economy & Rate Cut Expectations

By: Movement Staff
February 16, 2024

February has proven challenging for bond yields, commencing with a robust employment report that triggered a sell-off. Subsequently, this week, the market experienced substantial positive surprises in both consumer and producer inflation reports. Although this week's consumer inflation release is not the Federal Reserve's preferred index, it still induces volatile swings.


Despite economic data not universally surpassing expectations, notably with Retail Sales, indications suggest that rate hikes are impacting the economy. With that said, the economy is certainly proving to be resilient. The recent data does not alter expectations for the March Federal Reserve meeting, as that was already ruled out.

 
Financial markets are now grappling with reconciling their expectations for mid-year rate cuts, in contrast to the Federal Reserve's stance of not anticipating any adjustments until later in the year. The upcoming week is characterized by a lighter economic data schedule.

Author: Movement Staff

The Market Update is a weekly commentary compiled by a group of Movement Mortgage capital markets analysts with decades of combined expertise in the financial field. Movement's staff helps take complicated economic topics and turn them into a useful, easy to understand analysis to help you make the best decisions for your financial future.

RELATED

Annette Dougherty
Annette Dougherty
Branch Leader
Ready to learn more or get started? Complete the form and let’s connect.
1653 The Fairway, Jenkintown, PA 19406
(opens in a new tab)
NMLS # 408646

State License #DE-MLO-408646, FL-LO66990, MD-408646, NJ, PA-39592