In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
As the inflation data from October came out, the November 2022 CPI report surprisingly fell below its consensus forecast.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
Following this week’s September 2022 Core PCE report, investors scaled back their outlook as the data matched the overall consensus.
As mortgage rates reached their highest rates in over twenty years, September existing home sales fell for the eighth straight month.
In the release of the most anticipated weekly economic data, August 2022 CPI showed an 8.2% annual inflation jump.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.
As central banks around the world maintain an aggressive policy stance, mortgage rates achieved their highest levels in over 10 years.
With the August 2022 CPI report, investors fully understand the driving force behind climbing mortgage rates.
This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.