|Healthy Job Gains Continue|
|Â||Highlights||Average 30 yr fixed rate||Stocks (Weekly)|
|March 9: +0.01%||Â||Dow: 12,975 +25||Â|
|March 2: 0.00%||Â||NASDAQ: 2,990 +10|
Overall, the economic data came in pretty close to expectations last week, and Greece successfully reached a debt deal with private bondholders. With a lack of surprises in the economic news, mortgage rates ended the week with little change.
The big news this week will be Tuesday's Fed meeting. Investors will be trying to determine the likelihood of additional Fed easing. The most significant economic data this week will be the monthly inflation reports. The Producer Price Index (PPI) focuses on the increase in prices of 'intermediate' goods used by companies to produce finished products and will come out on Thursday. The Consumer Price Index (CPI), the most closely watched monthly inflation report, will come out on Friday. CPI looks at the price change for those finished goods which are sold to consumers. In addition, Retail Sales will be released on Tuesday. Retail Sales account for about 70% of economic activity. Industrial Production, Consumer Sentiment, Import Prices, Philly Fed and Empire State will round out a busy schedule. In addition, there will be Treasury auctions on Monday, Tuesday, and Wednesday.
Solid Source Realty
Real Estate Consultant
Â TÂ (770) 475-1130 Ext 6806