With the earnings and economic data fronts relatively quiet this week, we are highlighting an area feeling the direct, compounding impact of the Middle East conflict: The housing market. Just as the critical spring buying season begins, mortgage rates are on the rise again, diffusing some of last month’s buyer optimism. At a Glance Last…Read more
Certain There’s More Uncertainty The Federal Open Market Committee (FOMC) did not change its benchmark interest rate Wednesday — no news there. And if you were hoping for any definitive statement on whether the Iran war changes the expectations for the year, sorry, all we got was a simple statement that it raises uncertainty. The…Read more
This week all eyes will be on the Federal Reserve’s outlook on interest rates. At a Glance Coming into the year, markets were pricing in multiple interest rate cuts. However, the Iranian conflict has sparked a surge in oil and gas prices, as well transportation and fertilizer costs. This could reignite the price pressures the…Read more
