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Dawn Logatto headshot

Dawn LoGatto

Outside Loan Officer
Movement Mortgage
NMLS ID # 199931
231 Union Blvd, First Floor, Totowa, NJ 07512
Dial Phone Number
p: (201) 906-8682
o: (908) 378-9760
f: (908) 378-9773
Send E-mail to
e: dawn.logatto@movement.com

Fed Expectations Shift as Retail Sales Exceed Forecasts

By: Movement Staff
April 19, 2024
The week began with bond yields facing challenges as March's Retail Sales report on Monday significantly exceeded expectations. Moreover, February's figures were revised upwards from their initial release. This strong economic performance, along with last week's inflation and payroll data, has moderated expectations for Federal Reserve easing in 2024. Current market forecasts for rate cuts this year have been adjusted down to two reductions totaling 50 basis points (bps). Many are now questioning the need for any rate cuts in 2024. Looking forward to next week, housing data is set to be released on Thursday, followed by the Personal Consumption Expenditures (PCE) report, the Fed's preferred inflation indicator, on Friday.
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.

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Dawn Logatto headshot
Dawn LoGatto
Outside Loan Officer
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231 Union Blvd, First Floor, Totowa, NJ 07512
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NMLS # 199931

State License #FL-LO16358, NJ-9903837, NY-Licensed Mortgage Banker-NYS Department of Financial Service, OH-MLO-OH.199931, PA-40997, SC-MLO - 199931