February 19th, 2014
February 19, 2014; 11:19am
Interest rate trends: Today – Flat; 10 days – Higher; 25 days – Flat
Interest rate recommendation: Cautious float
Interest rates remain flat to slightly better as more economic news comes in worse than expected. The PPI came in showing inflation is still in check. Building Permits came in lower than expected and Housing Starts came in 16% lower in January than December. The FOMC meeting minutes will be released at noon today. Weak unemployment numbers out of the UK are also supporting lower interest rates. We maintain our cautious float recommendation, but be ready to lock if the FOMC meeting minutes causes a negative reaction to interest rates. Have a nice holiday shortened week!