The Latest Core PCE Meets Expectations as Mortgage Rates Decline
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
In a light week of economic reporting, the major news encompassed the latest GDP reading, which fell to the lowest level since spring 2020.
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.