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.
Steve Egan Headshot

Steve Egan

Market Leader
Movement Mortgage
NMLS ID # 6012
75 Isham Rd, West Hartford, CT 06107
Dial Phone Number
p: (860) 778-8584
f: (702) 840-1272
Send E-mail to

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.


Steve Egan Headshot
Steve Egan
Market Leader
Wondering how much home you can afford? Let’s talk about your next move!
75 Isham Rd, West Hartford, CT 06107
(opens in a new tab)
NMLS # 6012

State License #CT-LO-6012, FL-LO56595, MA-MLO6012, RI