Elevated
Inflation Remains Elevated Ahead of Fed’s March Meeting
Inflation remains elevated and consumer spending has tightened as all eyes are on the Fed’s favorite inflation measure ahead of the central bank’s closely watched March meeting. The Personal Consumption Expenditures (PCE) price index (tracking costs of goods and services) for January increased 0.3%, and saw the same increase excluding food and energy, according to… […]
Elevated Inflation Starts To Hit Consumers’ Pockets; However, Retail Sales Are Higher Than Pre-pandemic
Amid unyielding inflation and rising borrowing costs, consumers are starting to cut spending, mostly on big-ticket items. www.nar.realtor – Research
Rates Move Swiftly Lower Due to New Covid Variant; Delinquencies Remain Elevated
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of […]