"...this is the primary force that could push interest rates up over the coming weeks and months."
Rates crept down by 0.125% across the board over the last week. The biggest highlight from a slow news week came from consumer sentiment. At this time of the year when people are typically opening up their wallets, consumer sentiment came in considerably lower than anticipated. This is one of the primary indicators analysts closely monitor in regards to the health of the economy. It came as a big surprise that people don’t feel confident spending their money at this time of the year. One thing to keep an eye on moving forward will be tax reform legislation. This is the primary force that could push interest rates up over the coming weeks and months.