Weekly Market Observations - March 6, 2025

Here’s Our Weekly Market Observations :

Economy

⚠️ Atlanta Fed indicator predicts a Q1 GDP drop to -2.8%

↔️ January PCE met expectations increasing by 0.3% MOM and 2.5% YOY

🔼 January CPI above expectations up 0.5% MOM and 3% YOY

🔼 Wholesale prices above expectations with PPI up 0.4% MOM and 3.4% YOY

🔼 January jobs report lower than expected with 143k jobs added

🔽 Unemployment in January falls to 4%

↔️ The Fed leaves rates unchanged in January

Housing Sales

🔽 January pending home dropped 4.6% MOM and 5.2% YOY

🔽 January home resales fell 4.9% MOM but increased 2% YOY

🔼 Resale prices increase 4.8% YOY to $396,900

🔼 Existing home inventory increased from 3.0 to 3.5 months YOY

Mortgage

🔽 Average 30-year fixed mortgage: 6.76%