CPI Shows Inflation Plummet as Mortgage Rates Actually Climb
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
The latest data saw GDP triumph over forecasts, reflecting stronger economic growth this quarter and an unfavorable reaction for rates.
As the latest core CPI report reflects steady inflation, investors received little major news from the Fed meeting after a quiet week.
This week, the excelling labor market actually offset weak manufacturing data and concern over the pace of global economic growth this week.
As analysts place focus on the Fed minutes, mortgage rates fluctuated, ending the week higher than they were.
Due to economic growth, mortgage rates reached a four-year high due to several big picture factors coming into play.
This week, a provocative selloff saw stocks fall suddenly. Additionally, the Dow Jones plummeted than 1,000 points.
From 2008 to 2014, the Fed balance sheet plan entailed numerous acquisitions during a time of quantitative easing.
In the latest news, the Fed Chair Yellen testimony calls for an increase to the federal funds rate in her semi-annual testimony to Congress.
At this week's meeting, the Fed raised the outlook for rate hikes in the future when it raised the federal funds rate by 25 basis points.