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Highest Rates Since November After Inflation Remains Elevated

Highest Rates Since November After Inflation Remains Elevated

February 14, 2023
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More Data to Prove The Fed's Point; Rates Don't Like It It will take one of two things for the current rising rate trend to run its course.  Either the economic data needs to shift in a compelling way or the selling needs to take rates back up to 2022's highest rates at which point markets will conclude a compelling economic shift is imminent.  Neither option is "fun" for the mortgage/housing market.  Today's CPI wasn't as much of a barn burner as the jobs report 2 weeks ago, but it was high enough to prove the Fed's persistent point regarding stubbornly elevated inflation. Econ Data / Events
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