The week was dominated by comments of the Federal Reserve Chairman and the ongoing trade dispute between the U.S. and China. However, the impact of these items on investors was minimal and the economic news that was released this week also had minimal impact. As a result, mortgage interest rates ended the week largely unchanged.
Next week the following events will occur and economic data will be released:
- The Durable Orders report will be released on Monday;
- The second estimate for second quarter GDP will be released on Thursday; and
- The Core PCE Index will be issued on Friday.