First ECB Rate Increase in 11 Years After Record Inflation
As the European Central Bank faces record-high inflation levels, this week’s biggest news marked the first ECB rate increase in 11 years.
As the European Central Bank faces record-high inflation levels, this week’s biggest news marked the first ECB rate increase in 11 years.
Looking back towards June 2022 mortgage markets, the Federal Reserve remains committed to combatting inflation.
Poor economic growth has not bolstered investors with global central banks aggressively tightening monetary policy to fight inflation.
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
While much of this week’s economic data met investor expectations, consumer spending surged in April 2022.
Last month, March 2022 mortgage rates soared at an unexpectedly fast pace as the market stays volatile this year.
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.
This week, investors kept a close eye on the conflict in Ukraine, though Federal Reserve news awaited investors.
Rising inflation levels continued to induce massive daily market volatility for February 2022 mortgage rates.
Mortgage markets experienced another volatile week as the Russian invasion of Ukraine dominated headlines.