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.
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.
Last week, mortgage markets experienced daily volatility as the Russia-Ukraine conflict led to soaring demand for mortgage-backed securities.
In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.
In a short week, core PCE shows inflation quickly soaring in time for the holiday season while investors worry about price increases
The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.