Steady Inflation Results While the Manufacturing Sector Performs Better
This week saw steady inflation results while the manufacturing sector performed better. Overall, the economic data revealed no significant surprises.
Mortgage Rates Unbelievably Fluctuate Right After Fed Meeting
This week, mortgage rates fluctuate unbelievably in the wake of Wednesday's Fed meeting. This fluctuation included their largest movement in sometime.
Retail Sales Jump in a Really Surprising Week
In a really surprising week, analysts saw retail sales jump far above the consensus while Consumer Price Index failed to reach it.
Enormous Job Growth As Unemployment Benefits Abruptly Now End
When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.
European Central Bank Announcement Immediately Leads to Purchases Being Limited
As expected, the latest European Central Bank announcement came out this week. After months, they finally announced the expected policy change in its bond purchase program.
Dampened Job Gains Offset By Better Unemployment Rate
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
Investors Focus on Targeted MBS Buying As Fed Nears Goals
Investors focus on targeted MBS buying as Fed nears goals. However, Fed Chair Powell did not provide an updated timeline for policy changes. As a result, mortgage rates ended the week slightly higher.
Retail Sales Dropped as Travel & Entertainment See a Boom
While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.
Attractive Mortgage Rates React to Looming Inflation in June 2021
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
Inflation Moderates as Investors Focus on Consumer Price Index Findings
As inflation moderates, investors focus on new consumer price index (CPI) findings. During a light week, they looked towards the CPI inflation report for guidance.