Jobs data, mortgage rates and housing demand
Summary
Logan Motoshami discusses how the Iran conflict and elevated oil prices are complicating Fed policy, keeping rate cuts on hold despite stabilizing labor markets. He argues that jobless claims remain low, preventing recession fears, while housing demand holds up with pending sales at multi-year highs. The episode also touches on political pressures, demographic shifts, and the resilience of home buyers despite volatile mortgage rates.
Topics discussed
Intro, sponsor, and host's travel mishaps
Jobs report expectations and oil price impact
Fed rate cut stance and labor market dynamics
Labor stabilization and inflation pressures
Iran conflict, tariffs, and market volatility
Political risks and recession indicators
Demographics, jobless claims, and midterms
Housing demand, purchase apps, and 2022 comparison
Affordability trends and primary buyer influence
Personal anecdotes and closing remarks
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