Job Openings, ISM Mfg, Development Spending, Car Gross sales

by Calculated Threat on 9/30/2024 07:11:00 PM

From Matthew Graham at Mortgage Information Day by day: Mortgage Charges Reasonably Greater to Start The Week

Mortgage charges have typically been shifting larger because the Fed lower charges 2 weeks in the past. … Whereas at the moment’s weak spot cannot be decreased to a single issue, the first motivation was a speech from Fed Chair Powell by which he reminded the market that the Fed was not in a rush to chop charges. The message wasn’t that totally different from the press convention that adopted the Fed price lower 2 weeks in the past, however some market contributors have been maybe hoping to see a softer aspect of Powell. [30 year fixed 6.24%]
emphasis added

Tuesday:
• At 10:00 AM ET, Job Openings and Labor Turnover Survey for August from the BLS.

• Additionally at 10:00 AM, ISM Manufacturing Index for September. The consensus is for a studying of 47.6, up from 47.2 in August. 

• Additionally at 10:00 AM, Development Spending for August. The consensus is for a 0.1% enhance.

• All day, Mild automobile gross sales for September. The consensus is for gross sales of 15.7 million SAAR, up from 15.1 million SAAR in August (Seasonally Adjusted Annual Price).