Wednesday’s CPI Inflation Report Now Showed 9.1% Gain This Year
This week, Wednesday’s CPI inflation report display stronger than expected results with a 9.1% gain this year.
Job Gains Look Strong with More Than 350k Jobs Added to The Economy
Job Gains were better than predicted despite a consensus forecast of just 250,000, the economy added 372,000 jobs in June.
Low Consumer Confidence Will Bring Big Changes In Spending Habits
Low consumer confidence should be no surprise with the continuously rising rate of inflation and interest rates. The monthly report on consumer confidence published by the Conference Board has been receiving more attention lately, since it may provide information on upcoming spending habits.
Poor Economic Growth Outlook Results In Declining Mortgage Rates
Poor economic growth has not bolstered investors with global central banks aggressively tightening monetary policy to fight inflation.
Federal Reserve Tightened Monetary Policy with New 75-Basis Point Increase
At its Wednesday meeting, the U.S. Federal Reserve tightened monetary policy by a massive amount, while other global banks fight inflation.
May 2022 Mortgage Market: Rates Plummet with Limited Activity
Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.
High Inflation Leads To Reduced Mortgage Applications
In recent months, high inflation (and higher mortgage rates) took a large toll on mortgage application volumes.
Steady Job Gains in the Leisure and Hospitality Sectors
In a relatively quiet week for mortgage markets, investors saw steady job gains in the leisure and hospitality sectors.
The Latest Core PCE Meets Expectations as Mortgage Rates Decline
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
Consumer Spending Surges in April 2022 with Impressive Retail Sales
While much of this week’s economic data met investor expectations, consumer spending surged in April 2022.
April 2022 Mortgage Rates Now Climbed to 2009 Levels
Last month, investors focused on elevated inflation levels on as April 2022 mortgage rates climbed to their highest levels since 2009.
April 2022 Core CPI Showed Easing Inflation Just Arrived
With the release of the April 2022 Core CPI data, inflation began to ease. This modest inflation decline allowed mortgage rates to stabilize.
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