Federal Reserve Remains Aggressive Despite the New Inflation Data
As the Federal Reserve remains aggressive against inflation, the new July CPI data showed a sharp decline.
Unexpectedly Strong Job Gains Across the Board
With the release of last week’s Employment report, the United States reported unexpectedly strong job gains across the board.
June 2022 Mortgage Markets: Rates Achieve Highest Levels Since 2008
Looking back towards June 2022 mortgage markets, the Federal Reserve remains committed to combatting inflation.
Wednesday’s CPI Inflation Report Now Showed 9.1% Gain This Year
This week, Wednesday’s CPI inflation report display stronger than expected results with a 9.1% gain this year.
Job Gains Look Strong with More Than 350k Jobs Added to The Economy
Job Gains were better than predicted despite a consensus forecast of just 250,000, the economy added 372,000 jobs in June.
Low Consumer Confidence Will Bring Big Changes In Spending Habits
Low consumer confidence should be no surprise with the continuously rising rate of inflation and interest rates. The monthly report on consumer confidence published by the Conference Board has been receiving more attention lately, since it may provide information on upcoming spending habits.
Federal Reserve Tightened Monetary Policy with New 75-Basis Point Increase
At its Wednesday meeting, the U.S. Federal Reserve tightened monetary policy by a massive amount, while other global banks fight inflation.
May 2022 Mortgage Market: Rates Plummet with Limited Activity
Taking a look back at the May 2022 mortgage market, investor expectations surrounding inflation stabilized to some degree.
Consumer Spending Surges in April 2022 with Impressive Retail Sales
While much of this week’s economic data met investor expectations, consumer spending surged in April 2022.
April 2022 Core CPI Showed Easing Inflation Just Arrived
With the release of the April 2022 Core CPI data, inflation began to ease. This modest inflation decline allowed mortgage rates to stabilize.