Capping off last year, the United States experienced strong 2021 home sales after they notoriously plummeted throughout a sluggish 2020.
As consumer spending drops, investors focus on two major pieces of data this week: retail sales and inflation.
Closing out 2021, the United States achieved a record-setting Core PCE Price Index. In doing so, Core PCE hit its highest level since 1989.
In an action-packed week, analysts saw Central Bank meetings quickly offset high volatility for mortgage-backed securities.
In back-to-back months, the United States realized wondrous inflation. Not only did inflation reach a 30-year high in October, it did so again immediately after in November.
In light of breaking news, the investors are ready for the Fed tapering bond purchasing. This past week saw enormous daily volatility in mortgage-backed securities markets.
In a short week, core PCE shows inflation quickly soaring in time for the holiday season while investors worry about price increases
The theme of this week revolved around surprising consumer spending growth. As a result, retail sales saw an overall surge.
After months of back-and-forth discussion, last week saw inflation jump to a 30-year high as shortages compound.