Published Date 8/18/2025
Stocks began the day relatively unchanged from Friday. This week there isn’t much on the economic calendar that will grab focus. This is the annual Jackson Hole symposium of global and US economists and central bankers meeting. The Jackson Hole meeting begins on Thursday, the theme is “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”. Fed Chair Jerome Powell is expected to deliver the keynote address on Friday. Will he green light a rate cut next month? How will he frame the current Fed’s outlook? Presently there is little doubt that the Fed will cut rates at the September 17th FOMC meeting, although if you look hard enough there are still skeptics out there. The focus will be on whether Powell and the other Feds are thinking about more cuts later this year.
At 9:30 am the DJIA opened -34, NASDAQ -87, S&P -5. 10 year 4.32% unchanged. FNMA 6.0 30 year coupon at 9:30 am +3 bps from Friday’s close and -4 bps from 9:30 am Friday.
At 10 am August NAHB housing market index thought to be unchanged at 33, reported at 32.
This Week’s Economic Calendar:
Monday,
10 am August NAHB housing market index (expected at 33 unchanged from July, as reported the index 32).
Tuesday,
8:30 am July housing starts and permits (starts 1.290 million from 1.321 million; permits 1.390 million from 1.397 million)
Wednesday,
7 am weekly MBA mortgage applications
1 pm 20 year bond auction
2 pm FOMC minutes
Thursday,
8 am Jackson Hole begins
8:30 am weekly jobless claims (224K unchanged from the previous week)
August Philadelphia Fed business index (8.0 from 15.9)
9:45 am August Flash PMI indexes (manufacturing 49.7 from 49.8, services 53.0 from 55.7)
10 am July existing home sales (3.900 mil from 3.93 mil)
July leading economic indicators (-0.1% from -0.3% in June)
Friday,
10 am Jerome Powell speaks at Jackson Hole
Source: TBWS
All information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
Southern Oaks Mortgage, Inc. is a licensed Broker/Lender with the CA DRE Lic. #01458657, NMLS #237717
NMLS: 236681
Southern Oaks Mortgage, Inc.
25060 Avenue Stanford, STE 255, Valencia CA
Company NMLS: 237717
Office: 661-964-2600
Cell: 661-904-5989
Email: jeff@somloans.com
NMLS: 236681
Cell: 661-904-5989
8/18/2025
“Go west, young man.” When newspaper man Horace Greeley used those words long ag... view more
8/18/2025
These are the three areas that have the greatest ability to impact rates this we... view more
8/18/2025
Stocks began the day relatively unchanged from Friday. This week there isn’t muc... view more
8/15/2025
"I can't afford it," has no doubt become the most dreaded phrase at birthday bru... view more
8/15/2025
July retail sales were as expected with a month over month increase of...... view more
8/14/2025
July PPI jumped by the most in 3 years with the Headline MOM PPI climbing by 0.9... view more
8/13/2025
No. We’re not talking about anti-aging. We’re talking about anti-staging...... view more
8/12/2025
July Headline Consumer Price Index matched market expectations with...... view more