$BTC, $ETH downside fears have notably eased as traders await the Fed rate decision on Wednesday. By @godbole17.https://t.co/mvNNWMOxX7 ...

Group 1 - The market is anticipating a 25 basis point rate cut by the Federal Reserve in September, with expectations of a total of 75 basis points by the end of the year [3][6][14] - Treasury volatility is at a three-year low, with the 10-year yield approaching 4%, indicating a stable bond market [1][4] - Credit risk measures have fallen to their lowest levels since February, raising concerns about potential complacency among investors [1][25] Group 2 - Inflation remains a concern, with indications that it may be stickier than previously thought, which could impact the Fed's rate-cutting strategy [2][9][18] - The bond market is perceived to be underpricing inflation risks, suggesting that investors may not be adequately compensated for extending out the yield curve [18][20] - There is a notable disconnect in the high-yield market, with a significant portion of issuance being for refinancing or debt repayment, indicating limited new money entering the market [27][28] Group 3 - The demand for high-grade credit remains robust, with Wells Fargo leading a $4 billion deal, although overall issuance has slowed [22][23] - The credit market is currently pricing in low risk levels, similar to late 1990s, despite increased issuance, suggesting a potential overconfidence among investors [25][26] - The performance of credit portfolios shows a trend of quality upgrades outpacing downgrades, indicating a generally healthy credit environment [23][24]

RT Bloomberg Opinion (@opinion)@Claudia_Sahm @AllisonSchrager Two Fed Governors voted against the decision in favor of lowering rates by a quarter point.It’s the first time two members of the Fed board have dissented since 1993https://t.co/VrIJWN8ERR ...

Market Overview - Wall Street is experiencing a busy day with key economic data releases [1] - The day includes GDP data, a Federal Reserve (Fed) rate decision, and earnings reports from major tech companies [1] Company Earnings - Microsoft and Meta are releasing their earnings reports [1]

For more on this state of housing and mortgage demand, let's bring Matt Ishbia, CEO of United Wholesale Mortgage. The company is the number one mortgage originator in the country. Matt, it's great to have you back on the show.Welcome. Let's start right there. Is 7% the new normal.You know, I don't I don't know. I It seems like it's been there for a little while, but the the truth is you got to shop around. There's a lot of people that get rates at the six and a quarter, six and a half, and there's of course ...