In a really surprising week, analysts saw retail sales jump far above the consensus while Consumer Price Index failed to reach it.
When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.
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.
While significant economic news came out this week, retail sales dropped. In spite of this, the travel and entertainment industries saw a major a boom.
In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.
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.
After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.
The service sector witnesses fantastic expansion while mortgage rates go down. Weekly economic news came out favorable for mortgage markets.
This week, the Fed surprised investors with a new projection, driving rising mortgage rates. Coming into the week, investors laser-focused on Wednesday’s Fed meeting.