Athen Apaquette

This week’s economic news was fairly bland and therefore rates stayed the same.  The biggest news of the month is usually the jobs report. The consensus was that the non-farm payroll numbers would be 200,000 and the number came in at 215,000. Average hourly earnings in the US came in .3% higher and jobless rate stayed at 5% (which does not include those who have given up looking).

On Monday, the February number for personal income was up .2%, and spending was up .1%  – bland.

So all in all, a quiet week. All eyes are on the Fed to see if they will raise the prime rate.