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.