MFA Musings: 10/7/19
Good morning and happy Monday!
Economic reports continued to be mixed. On the positive side, the unemployment rate has hit an all-new low of 3.5%. There is a record number of Americans employed, which relates directly to the combination of Baby Boomers still working and Millennials entering the workforce. There is also a slowing in manufacturing, with the PMI index declining 1.3 percentage points to 47.8 percent.
Interest rates remain low, and the outlook is muddied with political grandstanding. Enjoy the week.
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Have a great week!