Highest Rates Since November After Inflation Remains Elevated
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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