Trade Talks Face Hurdles as China Takes on New Concessions
The United States-China trade talks face hurdles, generating a favorable impact for mortgage-backed securities this week.
The United States-China trade talks face hurdles, generating a favorable impact for mortgage-backed securities this week.
This week, investors focused on international events as the eye-opening Brexit vote looms and United States-China trade deal makes progress.
After a large decline in 2019 to the lowest levels in several years, mortgage rates finally reversed the trend due to this week's reports.
Mortgage rates saw little change after mixed economic data this week as investors look towards major central bank meetings later in the month.
This week, the Core Consumer Price Index showed inflation on the rise. Overall, this reflected negatively for mortgage rates.
This week, the Mexican trade deal agreement caused market volatility. However, the net effect of all the news remained minor.
After unexpected strength, consumer spending spiked retail sales to end the week. However, Thursday’s report caused little reaction.
As CPI shows inflation plummet, most investors expect moderate U.S. economic growth this year and weakness in other regions.
As the latest core CPI report reflects steady inflation, investors received little major news from the Fed meeting after a quiet week.
This week, a provocative selloff saw stocks fall suddenly. Additionally, the Dow Jones plummeted than 1,000 points.