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Travis Wright headshot

Travis Wright

Senior Loan Officer
Movement Mortgage
NMLS ID # 642981

Reduced Expectations for Multiple Fed Rate Cuts in 2024

By: Movement Staff
April 26, 2024
In recent weeks, The Federal Reserve has cooled on its stance of multiple rate cuts in 2024. There was a brief rally in yields on Tuesday following the S&P Global PMI reports, but this rally was short-lived as it was overshadowed by disappointing Jobs and GDP reports later in the week, with the GDP Price Index rising by 3.1% on Thursday. However, Friday's inflation numbers remained mostly consistent with the previous month, leading to another rally in yields to close out the week. The stable inflation numbers are instilling confidence in investors and consumers that inflation is being managed effectively.
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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Travis Wright headshot
Travis Wright
Senior Loan Officer
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3300 Millwood Ave, Columbia, SC 29205
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NMLS # 642981

State License #GA-62559, NC-I-181370, SC-MLO-642981