Wage Growth Slows Despite 223,000 Jobs Added To The Economy
After two years of exceptionally low mortgage rates, a major change took place in 2022 in relation to wage growth.
Bank of Japan Policy Changes Heading into the New Year
Due to Bank of Japan policy change, investors raised their outlook for monetary policy tightening by global central banks. As a result, mortgage rates ended the week higher.
December 2022 Fed Meeting Leads to New High for Interest Rates
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
ISM National Services Index Shows New Gains in November 2022
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
November Federal Reserve Speech Acknowledges Lowering Inflation in the U.S.
In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
November 2022 CPI Report Surprisingly Falls Below Its Consensus
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
November 2022 Fed Meeting Leads to Latest Interest Rate Increases
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
September Core PCE Matches Consensus with Revealing 5.1% Rise
Following this week’s September 2022 Core PCE report, investors scaled back their outlook as the data matched the overall consensus.
September Existing Home Sales Fall as Mortgage Rates Soar
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
August 2022 CPI Shows Tremendous 8.2% Annual Inflation Jump
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.