With the U.S. facing a tight labor market, record-setting inflation, and supply chain issues, December 2021 mortgage markets fluctuated.
As holiday consumer spending surges, the Federal Reserve plans adjustments for the recent colossal inflation, hitting a 30-year high.
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.
After months of back-and-forth discussion, last week saw inflation jump to a 30-year high as shortages compound.
This past week saw solid job gains amidst a packed week for mortgage markets, highlighted by key labor market data and a Fed meeting.
As expected, the latest European Central Bank announcement came out this week. After months, they finally announced the expected policy change in its bond purchase program.
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
As inflation moderates, investors focus on new consumer price index (CPI) findings. During a light week, they looked towards the CPI inflation report for guidance.
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.