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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
US job growth cools slightly in December to the lowest pace in two years, but the labor market remained resilient in the face of higher interest rates, scorching-hot inflation and mounting recession fears. Employers added 223,000 jobs in December, the Labor Department said in its monthly payroll report released Friday, topping the 200,000 jobs forecast by Refinitiv
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is down -18 BPS with 60 minutes left to trade. Domestic Flavor: Jobs, Jobs, Jobs: December Challenger Job Cuts dropped significantly from 77K down to 44K. The December ADP Employment Change was much stronger than expected, 235K vs. est. of 150K and a
READ MOREHiring by U.S. companies picked up steam in December, a sign the jobs market remains healthy even in the face of steep Federal Reserve interest rate hikes, according to the ADP National Employment Report released Thursday morning. Companies added 235,000 jobs last month, easily beating the 150,000 gain that economists surveyed by Refinitiv had predicted.
READ MOREFederal Reserve officials reaffirmed their commitment to fighting inflation at their December meeting and indicated that interest rates could remain elevated for “some time” until there is clear evidence that consumer prices are falling. Minutes from the U.S. central bank’s Dec. 13-14 meeting released on Wednesday showed that policymakers are intent on wrestling inflation closer
READ MOREMBS OVERVIEW 4:00 EST – Our benchmark FNMA MBS 6.00 January Coupon is up +30 BPS with 60 minutes left to trade. Jobs, Jobs, Jobs: The November Job Openings and Labor TurnOver Survey (JOLTS) showed 10.458M unfilled jobs vs. est. of 10.0M and October was revised higher to 10.512M. The key take-a-way here is that
READ MORERead More… U.S. manfacturing sector contracts for second straight month in December – ISM
READ MOREThree Things: These are the three areas that have the greatest ability to impact your backend pricing this week. 1) Geopolitical, 2) Jobs, Jobs, Jobs and 3) The Talking Fed 1) Jobs, Jobs, Jobs: We have Big Jobs Friday this week with Non Farm Payrolls, the Unemployment Rate and most importantly, Average Hourly Earnings. Throughout
READ MORESpeaking to reporters in September, Fed Chair Jerome Powell made it clear that going forward the U.S. housing market would get “reset” by a “difficult correction.” “Houses were going up at an unsustainable fast level. So the deceleration in housing prices that we’re seeing should help to bring prices more closely in line with rents
READ MOREAs we prepare to say hello to the new year, Michael Harris discusses how to make it big in 2023. In this episode, he talks about the different methods of reducing your financial obligations by paying them sooner than expected. He also discusses the lowering of interest and mortgage rates, which leads to values
READ MORERosie the Riveter: The December Chicago PMI hit 44.9 vs. est. of 41.2. While this is still very much in contractionary territory, its a big move upward from Novembers reading of 37.2 Intra-Day Lock Status Video: ***The bond market will close EARLY today at 2 pm ET and will not reopen until Tuesday***In today’s video
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