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Saturday’s: 9AM 1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Labor Department data released Friday morning showed the US economy added 263,000 jobs in September, a slower pace than the previous month but probably not enough for those who want the Fed to pause sooner rather than later. Industry expert Barry Habib had the following gleanings from the household survey. Remember, the household survey is
READ MOREWRAP UPUMBS 5.5: 99.08 (+11bps)10yr yield: 4.01CPI data at 8:30am ET tomorrow. Markets expect higher number than June, so unless MUCH higher I don’t think way we will see too much of a negative response but there is definitely a possibility. If shelter costs and core CPI show more improvement than expected we could see
READ MOREWRAP UPUMBS 5.5: 98.73 (-16bps)10yr yield: 4.03 Mtg bonds bouncing around through the day, but not enough to see lenders reprice worse. Not a lot of risk floating into tomorrow. Rates sheets this morning will improve, and reprice risk on the day is low. Bonds here and abroad got a big boost overnight from soft
READ MOREJobs, Jobs, Jobs: We saw a pretty sizable increase in the number of announced corporate job cuts per the September Challenger Job Cuts report which moved from 20,485 in August to 29,989 in Sept. Initial Weekly Jobless Claims were higher than expected (219K vs. est. of 200K) but the prior week was revised lower to
READ MOREThe number of Americans filing first-time unemployment benefits rose more than expected last week, a sign the labor market is starting to cool a tight as the Federal Reserve raises interest rates at the fastest pace in decades. Figures released Thursday by the Labor Department show applications for the week ended Oct. 1 climbed to
READ MOREPrivate payroll job growth rose faster than expected in September, suggesting that companies are continuing to hire new workers despite growing fears of an economic slowdown, according to the ADP National Employment Report released Wednesday morning. Companies added 208,000 jobs last month, topping the 200,000 gain that economists surveyed by Refinitiv had predicted. “We are
READ MOREU.S. job openings unexpectedly dropped in August to the lowest level in over a year as the Federal Reserve tries to bring down near-record high inflation and cool the labor market. The Labor Department said Tuesday that there were 10.1 million job openings in August – a major decline from the previous month’s revised reading
READ MOREThe Inflation Reduction Act signed into law by President Biden on August 16, 2022, gives new life to the federal tax credit for the purchase and installation costs of residential solar-power systems and provides guidelines allowing batteries to also qualify for the credit. The solar credit is a percentage of the cost of a solar
READ MOREJobs, Jobs, Jobs: September ADP Employment Change was a little stronger than expected (208K vs. est. of 200K). Annual Pay rose by 7.8% for “job stayers” and up 15.7% for “job changers” Taking it to the House: Weekly Mortgage Applications tanked by -14.2%. Refinance Applications fell by -17.8% and Purchase Applications declined by -12.6% Trade
READ MOREFederal Reserve officials indicated at their July meeting that additional interest rate hikes are necessary in the coming months until policymakers see evidence that inflation has cooled “considerably.” Minutes from the U.S. central bank’s July 26-27 meeting released on Wednesday show that policymakers reiterated the need to raise interest rates to a level that brings
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