Danny Salas

Chico, CA Interest Rates Market Report – Economic Influences – October 30, 2009

Rates Following Stocks

Rates Will Follow Stocks

Personal Income and Spending, for the month of September, was right where they were expected to be.  And these figures are weightless.  Personal Income was absolutely unchanged and Consumer Spending fell 0.5%.

Stimulus Package Findings

The government is scheduled to release its $787 Billion Stimulus Package results and how it has saved or created 650,000 jobs.  What I don’t understand is how we can have over a half-a-million jobs lost every week, yet report that these funds have created or saved jobs.  I guess it could be worse, without the funds, however, I will research a little more, regarding the positive aspects of these funds.  The best place to start is www.recovery.gov

The Week Ahead

Next Wednesday, The Fed will speak to the public about their Federal Open Market Committee meeting.  They are expected to comment on when they might start raising the overnight rate.  Even the Fed’s comments can be create market movement.  Particularly regarding the inflationary action of increasing the overnight rate.  So, whatever words the Fed chooses, Good ‘Ole Ben Bernanke may want to chose wisely!  On Friday, we have non-farm Payroll Numbers will be released.

Related Must Reads

Read When the 1st Economic Stimulus Package Was Signed By President Bush
2008 A Review Of What Happened
Read, “Drum Roll Please” paragraph regarding hints on good times to lock in an interest rate

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This entry was posted on Friday, October 30th, 2009 at 9:10 am and is filed under Chico Home Loans, Home Buying, Interest Rates, Weekly Market Report. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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