Weekly Market Update

Momentum is building for a potential rate cut at the Fed’s next meeting in September, especially after Fed Chair Powell’s encouraging remarks at the annual Jackson Hole economic symposium. The Fed remains committed to its dual mandate of stable prices and full employment—and right now, there are signs that the path forward may favor supporting continued job growth and economic strength.

While inflation has seen modest increases due to global trade dynamics, the labor market is showing a healthy recalibration. Powell’s comments suggest the Fed is prepared to act proactively to keep the economy on solid footing, with full employment in focus.

In the weeks ahead, several key indicators—including Consumer Confidence and the Fed’s preferred inflation gauge (PCE)—will help shape expectations. If consumer sentiment continues to soften and inflation stays contained, it could open the door for lower interest rates. This environment could create even more favorable conditions for borrowers, including lower mortgage rates.

Whether the Fed opts for a quarter-point or half-point cut, the outlook is increasingly supportive for those considering homeownership or refinancing.

If you, or anyone you know is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596. Let’s take advantage of the opportunity together.