Strong Consumer Spending Offsets Inflation Driving Mortgage Rates Down
The past week saw strong consumer spending. This data offset weak inflation figures. As a result of the reporting, mortgage rates ended slightly lower.
Latest Employment Report Reveals Job Gains Went Down
This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations.
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.
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.
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.