The Department of Housing and Urban and Development is circulating a proposal that housing advocates say would add a great deal of difficulty to filing discrimination claims in court. So reports NPR.

The Federal Reserve has cut interest rates by 25 basis points, in what Fed chair Jerome Powell called a “mid-cycle adjustment.” So reports Business Insider.

New American Funding has announced plans to boost headcount by nearly 1,000. So reports the Orange County (Calif.) Register.

https://youtu.be/zCvymUyNd5Y

The MMG Weekly recap shows that there is a lot going on right now. GDP just came out at 2.1% vs the expected 1.8%. Bonds haven't been making a clear breakout to new highs. Next week will have a lot of news that could effect the market, one way or another - rate cut likely on Wed, the PCE inflation gage announced, the jobs report on Friday and the ongoing China talks. Maybe we see a bond breakout next week.