Jeff Brindley, RWS Financial Group

Social Security benefits for 2025 are expected to change, but perhaps not as much as they did in previous years.

🏠 The mortgage market is sending mixed signals this week. Despite Treasury yields holding steady and the 10-year rate sitting at 3.839%, mortgage applications aren't seeing the boost we might expect.

Fed Chair Powell's recent hints at potential policy adjustments have added intrigue to the economic landscape. These indicators can significantly influence investment strategies and market movements, so staying informed is crucial.

Remember, in the world of finance, knowledge truly is power. Stay tuned as we continue to monitor these market trends.


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Weekly mortgage demand stalls, even though rates drop to lowest since April 2023 Mortgage rates fell last week for the fourth straight week, but neither current homeowners nor homebuyers seemed particularly impressed.

💼 Treasury yields are holding steady this week, with the 10-year yield at 3.839% and the 2-year yield slightly higher at 3.869%. Investors are keeping a close eye on economic indicators and potential rate cuts.

Fed Chair Powell recently hinted at policy adjustments, stating, "The time has come for policy to adjust." This has increased expectations for a rate cut at the next Fed meeting.

Currently, markets are pricing in a 63.5% chance of a 25 basis point cut and a 36.5% chance of a 50 basis point cut. These economic signals can significantly impact market directions and investment strategies.


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Treasury yields little changed as investors look ahead to U.S. inflation data On Wednesday, investors awaited a key U.S. inflation report due later in the week.

✈️🐾 Talk about a high-flying hero! Dr. Brian Rambarran, a Buffalo urologist, is taking rescue missions to new heights.

This amazing doctor flies his plane once a month to save dogs from kill shelters, bringing them to Nickel City Canine Rescue in Buffalo. From fostering and adopting to volunteering and donating, people are stepping up to help these furry friends in need.

Remember, there are many ways to support animal rescue efforts in your community. Every bit helps, whether it's fostering, transporting, or even just spreading the word. 🏠❤️


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Buffalo doctor flies his plane to save dogs from kill shelters Dr. Brian Rambarran helps bring the dogs to animal rescue shelters.

Interest rates are going to move lower, according to Fed Chair Powell. At its September meeting, 64% of investors anticipate the Fed will cut short-term rates by 0.25 percent. The others see a 0.5% cut. The current Fed Fund target rate is 5.25% to 5.5%. In the table, you can see that speculators no longer consider that range a possibility.

Exciting news from the Red Planet! Recent studies suggest Mars might be hiding an ocean's worth of water beneath its dusty surface. 🌊

NASA's InSight lander detected over 1,300 marsquakes before signing off. These seismic readings hint at water lurking 7-12 miles underground. If true, it could form a global ocean about a mile deep!

While this doesn't guarantee life on Mars, it opens up fascinating possibilities for potentially habitable environments. It's a reminder that our universe is full of surprises waiting to be discovered. 🔭

What other cosmic mysteries do you think we'll uncover next?


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New Mars study suggests an ocean's worth of water may be hiding beneath the red dusty surface A new study suggests Mars may be drenched beneath its surface, with enough water hiding in the cracks of underground rocks to form a global ocean.

Interest rates for 30-year fixed mortgages have hit their lowest level in over a year, sparking a 35% jump in refinancing applications in just one week.

🏠 Refinancing activity is up 118% compared to last year
🏠 Purchase applications rose 3% but remain 8% lower than in 2023
🏠 The average 30-year fixed rate is now at 6.54%

This shift in the mortgage market could present opportunities for homeowners and potential buyers. It's a great time to review your current mortgage situation and consider your options.

Remember, every financial decision should align with your long-term goals and personal circumstances.


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Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year Applications to refinance a home loan surged 35% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Important developments in the housing market:
▪️ The 30-year fixed-rate mortgage decreases to 6.55%
▪️ Rates reached their lowest point in 15 months
▪️ It's the largest weekly reduction observed in two years

What factors are contributing to the rate drop? Two factors: the Federal Reserve indicates that potential interest rate cuts may be soon, and the labor market is showing signs of deceleration.

These changes may present opportunities for more favorable housing costs and refinancing options. However, it's important to note that low housing inventory continues to exert upward pressure on prices in numerous regions.
Staying well-informed is crucial for making sound decisions regarding your home and financial strategy. 💼🏘️

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US 30-year mortgage rate drops on weak jobs data, Fed rate-cut signal The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September, and a downshift in the job market bolstered financial market bets the cuts would be big.

🌟 Look up! A "once-in-a-lifetime" astronomical event is coming soon! 🔭

The T Coronae Borealis, a star system 3,000 light-years away, can explode anytime. When it does, it will be visible to the naked eye, rivaling the North Star in brightness. Make sure you look up! This rare nova occurs every 79-80 years and was last seen in 1946.

When was the last time you stargazed? This might be the perfect opportunity to rekindle your interest in astronomy! 🌠


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Nova explosion 3,000 light-years away will be seen from Earth with the naked eye T Coronae Borealis is one of just 10 recurring novas known in the Milky Way that erupt on time scales of less than a century, according to NASA.

The Fed's holding steady on interest rates, but markets are getting antsy!

Some economists think the Fed should start easing up, and the markets are pricing in rate cuts as early as September. However, the Fed wants "greater confidence" that inflation is heading back to 2% before cutting rates.

Remember, a changing rate environment can impact various aspects of your financial picture. It's always wise to stay informed and consider how economic shifts might align with your long-term goals.

What are your thoughts on the Fed's approach? Let's discuss! 💬


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Markets are clamoring for the Fed to start cutting soon: 'What is it they're looking for?' Markets are pricing in an aggressive path for interest rate cuts starting in September.

Oil prices are on the move! Here's what you need to know:

🛢️ U.S. crude oil bounced back after three days of losses
🛢️ Inventories are down, and gasoline demand is up
🛢️ Wildfires in Canada could potentially impact supply

These factors are contributing to the complex dynamics of the energy market. As always, it's important to stay informed about global events and economic indicators that can influence various sectors.

Have questions about how these changes might relate to your financial strategy? Let's chat!



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U.S. crude oil rebounds as inventories fall, gasoline demand rises U.S. crude stockpiles fell by 3.7 million barrels and gasoline inventories decline by 5.6 million barrels for the week ending July 19.

The IRS has released final regulations on Required Minimum Distributions (RMDs) for inherited IRAs.
Key points:
🔑 10-year RMD Rule clarified
🔑 Annual distributions are required in most cases
🔑 Special rules for "eligible beneficiaries"
🔑 Effective from 2025, with transitional relief through 2024
🔑 Remember: Skipping an RMD can result in a penalty of up to 25%

Confused about how this affects your inherited IRA? You're not alone; these rules are complex. If you have any questions about how this may affect your financial strategy, let's talk.



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IRS Finalizes Guidance On Treatment Of Inherited IRAs The IRS has issued final regulations focused on required minimum distribution (RMD) rules for inherited IRAs.

🦞 Age is Just a Number: Meet the 104-Year-Old 'Lobster Lady' 🚤
Virginia Oliver, Maine's maritime marvel, just renewed her commercial lobster license at 104 years old. Why? Because retirement isn't in her vocabulary!

Picture this: A centenarian rising at 3 AM, donning lipstick and earrings, to catch lobsters thrice a week. That's Virginia's life, and she wouldn't have it any other way.

Her secret? "You've gotta keep living, you gotta keep working."

Virginia's story isn't just about lobsters. It's about passion, purpose, and shattering age stereotypes. As we plan for our futures, perhaps we should ask: What's our equivalent of Virginia's lobster boat?

Let's celebrate those who prove that life's adventures don't have an expiration date.



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104-year-old has been catching lobsters for more than 90 years: 'I'm not going to retire' At 104 years old, Virginia Oliver is setting sail this year to continue doing the job she's loved over 90 years: catching lobsters.

🚨 Postage Alert: Stamp prices jumped to 73¢ on July 14.
But wait, there's more to this story than meets the eye…

This is the 6th increase in just 3 years, outpacing inflation. Businesses, not individuals, may feel the biggest pinch.

It's a small change that hints at larger economic shifts. Keep an eye on these trends; they're part of the bigger financial picture!



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Postage is going up again. You should care, even if you don’t send mail | CNN Business On Sunday, the cost of a stamp is going up for the second time this year, jumping 5 cents for first class postage to 73 cents. You probably didn’t notice.

Struggling with sleep? Your savings habit might be the key! 💤

A new study from Bristol University reveals:
🛏️ Regular saving, even small amounts, can improve sleep quality
🛏️ Savers report feeling more relaxed and optimistic about the future
🛏️ Low-income savers have similar life satisfaction to richer non-savers

Despite rising costs, saving remains crucial for financial resilience. Remember:
▪️ 6 in 10 people have a savings habit
▪️ Simple, flexible accounts with incentives can help
▪️ Shop around for the best savings options that fit your lifestyle

Every little bit counts towards better financial and mental well-being! 🌟



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Sleep could be boosted by saving small amounts of money - study A quarter of UK adults have less than £100 tucked away, but a report says a savings habit aids mental wellbeing.

The rapid rise of artificial intelligence (AI) during the past year has put a spotlight on the fast-paced decision making in the US tech industry. At the same time, it has cast some concerns that Europe–and other parts of the world–are lagging behind in AI innovation and adoption.

🤸‍♀️ The U.S. women's gymnastics team for the 2024 Paris Olympics is set!

Five stellar athletes earned their spots after intense competition at the U.S. Gymnastics Olympic Trials in Minneapolis:
🏅 Simone Biles (leading her third Olympics!)
🏅 Jordan Chiles
🏅 Jade Carey
🏅 Hezly Rivera
🏅 Suni Lee

16-year-old Hezly Rivera joins four veterans from the 2020 Olympics, showcasing a blend of experience and fresh talent. Joscelyn Roberson and Leanne Wong will serve as alternates, ready to step in if needed. Fan favorite Simone Biles just won her ninth U.S. all-around title earlier this month!

This team exemplifies the power of perseverance and continuous improvement. What goals are you working towards with similar dedication?



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TinyURL: https://tinyurl.com/5n8sypa5

Simone Biles to represent team USA at 2024 Paris Olympic Games: See the full roster The gymnasts were selected during the U.S. Gymnastics Olympic Trials in Minnesota.

The stock market rallied in Q2 around AI and hopes that the Fed will manage interest rates with inflation trending lower.

Quarterly Market Insights | Q2 2024 Quarterly Market Insights | Q2 2024 U.S. Markets Following a rocky start, stocks finished the second quarter higher as investors remained optimistic the Fed will manage interest rates with inflation trending lower. For the quarter, the Standard & Poor’s 500 Index rose 3.92 percent, and the Nasdaq ...

Fed Chair Powell's recent comments on inflation progress are encouraging, but caution remains:

◾Inflation is moving in the right direction, but the Fed wants more confidence before cutting rates.
◾ The Fed is balancing risks: acting too soon could undo progress, while waiting too long might slow economic growth.
◾ Current expectations are for 1-2 potential rate cuts this year, down from earlier predictions.
As we navigate these economic shifts, it's crucial to stay informed and maintain a balanced, long-term perspective on your financial strategy. 💼💡



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Powell says Fed has made 'quite a bit of progress' on inflation but needs more confidence before cutting "We've made quite a bit of progress and in bringing inflation back down to our target," Powell said at a central banking forum in Sintra, Portugal.

Economic growth remains slow, fueling ongoing inflation concerns, according to recent GDP data.

Key points to highlight:

Growth Rate: The GDP growth rate reflects slower economic expansion driven by consumer spending.

Inflation Pressures: High inflation continues to challenge household budgets and business costs.

Federal Reserve Actions: Balancing growth with inflation control remains a key focus for policymakers.

Future Outlook: Understanding these trends is crucial for making informed financial decisions.

Stay updated on how these economic developments may impact your financial planning.



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TinyURL: https://tinyurl.com/29db6vbr

US economic growth for last quarter is revised up slightly to a 1.4% annual rate The American economy expanded at a 1.4% annual pace from January through March, the slowest quarterly growth since spring 2022, the government said in a slight upgrade from its previous estimate.

Fed officials are cautiously optimistic about recent economic data indicating cooling inflation, but they're waiting for confirmation before making any moves on interest rates.

Key takeaways for investors:

Data-Driven Decisions: The Fed is emphasizing its data-dependent approach, meaning interest rate cuts will hinge on upcoming economic reports.

Inflation is Key: While progress has been made, the Fed wants to see consistent evidence that inflation is moving towards its 2% target.

Labor Market Strength: A strong job market is a positive sign, but the Fed is also monitoring for signs of overheating that could reignite inflation.

Patience is Key: Don't expect immediate rate cuts. The Fed is likely to take a measured approach before adjusting its monetary policy.



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TinyURL: https://tinyurl.com/43svdmr2

Fed officials steer cautiously toward potential rate cuts Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still-strong labor market as they steer cautiously toward what most expect to be an interest rate cut or two by the end of this year.

May retail sales fell short of expectations, rising just 0.1% and signaling a potential slowdown in consumer spending as high inflation lingers. 🛒

Here's a closer look:

Cooling Consumer Demand: The modest increase in sales, below the expected 0.2%, suggests consumers are tightening their belts.

Impact of Inflation: Stubbornly high prices continue to put pressure on household budgets, impacting discretionary spending.

Gas Prices: Falling gas prices contributed to a decline in gas station sales, further reflecting changing consumer behavior.

Interest Rate Outlook: This data could influence the Federal Reserve's decision on interest rates, potentially leading to cuts later this year.

Stay informed on how these economic developments may shape the financial landscape.



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TinyURL: https://tinyurl.com/yek2r3rb

May retail sales rise 0.1%, weaker than expected Retail sales were expected to rise 0.2% in May, according to the Dow Jones consensus estimate.

The Federal Reserve has decided to hold interest rates steady for now, but they've indicated a more cautious approach to future rate cuts than previously anticipated.

Key takeaways from the Fed's announcement:
1️⃣ One Rate Cut Expected This Year: The Fed is now projecting only one rate cut by the end of 2024, compared to the three predicted in March.
2️⃣ Higher Long-Term Interest Rates: The Fed also signaled that it believes the long-run interest rate will be higher than previously thought.
3️⃣ Modest Progress on Inflation: While inflation has eased, it remains elevated. The Fed expects inflation to return to its 2% target by 2026.

What does this mean for you? It's a reminder that the economic landscape is constantly evolving.



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Fed holds rates steady, indicates only one cut coming this year The Federal Reserve on Wednesday released its decision on interest rates following this week's policy meeting.

Good news on the economic front: May's consumer prices remained unchanged, offering a glimmer of hope that the Federal Reserve might consider cutting interest rates sooner than expected.

Here's what this could mean for you:

Lower Inflation: This is a positive sign that the Fed's efforts to combat inflation are working.
Potential Rate Cuts: While the Fed isn't likely to act immediately, this news increases the chances of rate cuts later in the year. This could lead to lower borrowing costs for mortgages, car loans, and credit cards.

Remember, this is just one piece of the economic puzzle. Stay tuned for further updates on how this news may impact your financial goals.



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US consumer prices unchanged in May; bolster rate cut expectations U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains too high for the Federal Reserve to start cutting interest rates before September.

Job openings are on the decline, signaling potential shifts in the economic landscape.

Key insights to consider:
⭐ A decrease in job openings could indicate cooling labor market conditions.
📊 This trend may influence unemployment rates and overall economic stability.
💡 Understanding the interplay between job openings, inflation, and interest rates can help keep you more informed about the state of the economy.

Staying updated on employment trends can be useful for making informed decisions.

What are your thoughts on the impact of declining job openings on the economy and labor market?


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US job openings fall to 8.1 million, lowest since 2021, but remain at historically high levels U.S. job openings fell in April to the lowest level since 2021. But they remained at historically strong levels despite high interest rates and signs the economy is slowing.

When I see the GDPNow chart, I’m reminded of Newton’s first law: an object in motion will stay in motion unless acted upon by a force. The force that needs to act is the Fed, and my expectation is that The Fed will make some moves by the end of the year to help manage GDP’s trend.

Stocks rallied in May as investors welcomed upbeat Q1 corporate reports and signs of a Goldilocks economy - not too hot, not too cold. The Dow crossed 40,000 for the first time after cooler inflation data raised hopes for a potential rate adjustment.

Monthly Market Insights | June 2024 Monthly Market Insights | June 2024 U.S. Markets Stocks rose in May as investors cheered upbeat Q1 corporate reports and signs that the economy was still strong while not overheating. The Dow Jones Industrial Average gained 2.30 percent, while the S&P 500 Index added 4.80 percent. The tech-heavy Nas...

AI-powered cancer screening is revolutionizing early detection, but most of these services aren't covered by insurance yet.

Important points to consider:
🤖 AI technology is making significant strides in improving cancer screening accuracy and early detection.
Despite its potential, many AI cancer screening methods are not yet covered by insurance, posing financial challenges for patients.
🏥 The healthcare industry is at a crossroads, balancing innovation with accessibility and affordability.

Staying informed about these developments can help you advocate for better healthcare solutions.

What are your thoughts on the future of AI in cancer screening and its accessibility? Share your insights!



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www.cnbc.com

It’s been a long time since the S&P 500 has seen a daily drop of 2 percent or more. Is that cause for alarm? No. Concern? Maybe, especially if you let emotions drive decision-making.

The housing market saw an uptick in activity last week as mortgage rates fell to a 7-week low.

Here are the key points investors should note:
⬇️ The average 30-year fixed mortgage rate decreased to 7.01% from 7.08% the previous week.
🔄 This rate dip revived refinance demand, with applications up 7% week-over-week and 21% higher than a year ago.
🏡 However, purchase applications for new homes fell 1% as buyers continue grappling with low inventory and affordability issues.

While most existing homeowners still have lower rates locked in, even modest decreases can motivate some to refinance and take advantage of savings.

This temporary refinance revival could indicate a turning point for real estate investors if rates continue trending down and ease homebuyer gridlock.

What's your take on this mortgage refinance revival? Do you see it as a potential leading indicator of broader housing market shifts?



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www.cnbc.com