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This Week’s Hotly Anticipated Events Completely Failed to Break The Stalemate

This Week’s Hotly Anticipated Events Completely Failed to Break The Stalemate

Rates may not be as high as they were several months ago or as low as they were 5 weeks ago, but they're close enough to either boundary that the threat (or promise) of returning is palpable. For at least the past 2 weeks, we'd been waiting for this week's events to give us some sort of push higher or lower, but it looks like the waiting will continue. The two key events in question were Tuesday's release of the Consumer Price Index (CPI) and Wednesday's Fed Announcement.  CPI is the most widely followed inflation metric among regularly scheduled economic reports.  It comes out once a month and has had a huge impact on rates many times over the past 2 years.  This time around, it happened to be scheduled to come out a day before a particularly important Fed policy announcement. Year
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