Rates Tick Up, All Eyes on Friday's Employment Report
- By:
- Paul King | January 04, 2008
Rates were up today after weaker the expected economic news.
Yesterday afternoon we received the minutes from the last FOMC meeting where it was documented that some of the Fed members may feel more rate cuts are necessary to bring the housing situation under control. This led to more gains in the bond market yesterday.
Today, however the Commerce Department reported that new orders for US Factories increased at a pace larger than expected in November. However this report may not hold much weight, and eyes are focused on the November Jobs report due out tomorrow.
The December Employment Report from the Labor Department is clearly thePropertyId );
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