Jobs preview and why the Fed is still hawkish
Summary
HousingWire Daily features lead analyst Logan Motoshami discussing the Federal Reserve’s hawkish stance and the upcoming Jobs Week data. Motoshami argues that the "mortgage rate lock-in" narrative is misleading Fed officials, who mistakenly believe housing is unresponsive to policy changes. He contends that rates near 6% can stimulate sales, urging the Fed to rely on real-time tracker data rather than stale reports. The episode also analyzes recent comments from Fed presidents like Beth Hammock regarding inflation drivers and labor market breakevens.
Topics discussed
Intro, ICE ad, and top 5 HousingWire stories
Fed ignores housing due to 'mortgage rate lock-in' myth
Ad: Fund federal research for housing sector
Fed hawks cite oil prices and AI for rate hikes
Jobs Week setup and Fed's 33k job breakeven
Ad: Estate Agent Growth for realtors
Logan's 78k job breakeven and recession indicators
Kevin Warsh's policy changes and housing crash myths
Outro, US economic resilience, and AI Summit promo
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