Highlight of the Week
Another Fed rate cut appears likely
- 74.3% chance of another rate cut at the Fed’s October meeting (according to CME FedWatch tool)
- Odds soared above 90% after low US manufacturing data, but tempered after unemployment showed lowest level in 50 years
Rate Curves
Rapid Report:
Hard and soft data provide contradicting economic signals for US economy
- Hard data shows lowest unemployment in 50 years and retail sales growing at a greater-than-expected rate
- Soft data shows struggling stocks and disappointing corporate and consumer sentiment surveys as US-China trade war lingers on
- Federal Reserve Chairman Jerome Powell will deliver remarks Tuesday at the National Association for Business Economics
Freddie Mac’s AI company headed to court
- ZestFinance recently began testing its underwriting software for Freddie Mac – claiming to use artificial intelligence to spot trends that traditional lending models frequently miss
- The Peter Thiel backed startup has had issues with a class action lawsuit involving dodging state-imposed limits on payday lending interest rates
Winner-take-all Wednesday night
Braves host Cardinals Wednesday at SunTrust Park to determine NLDS Champ
