New Labor Market Data Pushes Fed Towards Aggressive Inflation Stance
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
New labor market data invoked mixed feelings regarding record low unemployment and steadily high inflation.
February 2023 mortgage rates faced high levels of volatility, later reaching November 2022 highs after strong Employment data came out.
High inflation has investors mostly taking their cue from the Fed during a very light week for economic data
Labor market strength is at at the forefront of a week packed with major economic news, including daily volatility in mortgage markets.
GDP (Gross Domestic Product) is the broadest measure of economic activity. U.S. happy to see the GDP rose at a rate of 2.9% in the fourth quarter.
After two years of exceptionally low mortgage rates, a major change took place in 2022 in relation to wage growth.
In a packed reporting week, the November 2022 Federal Reserve speech acknowledged lower inflation levels throughout the United States.
After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
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.