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Federal Reserve Meeting

Federal Reserve Meeting

2023 Schedule of Fed Meetings: July 25-26 / September 19-20 / October 31-1 / December 12-13 Wednesday 7/26/2023 Federal Reserve raises interest rates to highest since 2001 The Federal Reserve raised the target range for its benchmark interest r

Jul 26, 2023 |

Interest Rates 7/17 - 21, 2023

Interest Rates 7/17 - 21, 2023

Monday July 17th 2023 12:30 PM : At mid-day stocks are higher. The Dow is +61.28 at 34,570.31 and the S&P 500 is +10.73 at 4,516.15. Mortgage Bonds are -0bp at 99.67 Last Week in Review There was welcome news as June brought big drops in consumer a

Jul 17, 2023 |

Inflation Week July 10th to 14th

Inflation Week July 10th to 14th

Thursday 7/13/2023 8:35 AM : The Producer Price Index, which measures wholesale inflation, was reported for the month of June. The Headline PPI figure was up 0.1%, which was below expectations of 0.2%. On a year over year basis PPI decreased by 0.8% to 0.

Jul 14, 2023 |

Interest Rates July 3rd to 7th 2023

Interest Rates July 3rd to 7th 2023

  July 7th, 2023 10:07 AM Reaction Mortgage Bonds have not changed from yesterday's close and the 10 year treasury is up 1 bp to 4.054%.    8:42 AM : The BLS Jobs report showed that there was an increase of 209,000 jobs in the month of June

Jul 07, 2023 |

John has a New Home again

John has a New Home again

John Marbury has moved back to SouthState.  He has the same phone number 205-266-5669 and his email is now john.marbury@southstatebank.com Although I have had my reasons for moving as much I have for the last 2.5 years.  I am glad to be back at

Jul 05, 2023 |

Interest Rates 6/20 - 23/2023

Interest Rates 6/20 - 23/2023

Thursday June 22, 2023  9:36 AM ET Mortgage Bonds are down 17 bp to a price of 99.95 (Price Down Yield Up) 10 Year Treasury is up 4 bp to 3.7620%. 8:37 AM ET: Initial Jobless Claims, which measures individuals filing for unemployment benefits for th

Jun 20, 2023 |