Although there are no economic releases scheduled for today, a lot of key market driving data expected this week. Some of the highlights include Tuesday’s home price index, the Federal Open Market Committee meeting results on Wednesday, Thursday’s Durable Goods report and last Friday’s Gross Domestic Product and Consumer Confidence Reports.
From mortgage banking to PR and more, Victoria’s 9+ years at Quicken Loans come in handy when writing cool stories. Before QL, she worked with and for notable national and state politicians. With degrees from MSU and U of M, her allegiance to the Mitten State is indisputable. She loves decorating, photography, the Red Wings, cruising in her G6 (the car), and most importantly, hanging out with family and friends.
Bond and stock prices rallied yesterday but gave much of their early gains back in the afternoon. Action in the bond market was largely driven by a lackluster auction of $11 billion of five year TIPS (Treasury Inflation Protected Securities) and the looming FOMC meeting. Treasury prices are slightly higher this morning as today’s FOMC meeting poses little threat of an interest rate increase.