CPI Report Indicates Now Is Time To Buy As Used Car Prices Drop
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
CPI report has investor’s focus during a light week in economic news. The held no surprises with lower mortgage rates ending the week.
Heading into the December 2022 mortgage markets, investors widely expected the Federal Reserve to increase interest rates by 50 basis points.
While the December 2022 Fed meeting stole the show this week, a wide range of reporting proved favorable for mortgage rates.
While this week showed little major news, the ISM national services index demonstrated unexpected gains in November 2022.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.