In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
Looking back at October 2022 MBS trends, inflation once again dominated headlines as the Federal Reserve and ECB continue to raise rates.
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.
This week, the highly anticipated labor market data came out, highlighted with the surprising drop in the August 2022 unemployment rate.
In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.
Taking a look back at August 2022 mortgage rates, mortgage-backed securities continued to soar amongst stubbornly high inflation levels.
Although this week contained little new data, the European Central Bank (ECB) raised interest rates to their highest levels since 2011.
This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.