Markets The August US CPI inflation report temporarily lifted Fed rate hike bets for next week above 90%. Minutes after the release, two 25 bps rate hikes were fully discounted by year-end. Markets are trading choppy though as the inflation report didn’t give the hoped-for unequivocal signal. Headline inflation accelerated as expected by 0.4% M/M […]
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The Consumer Price Index (CPI) rose by 0.4% month-on-month (m/m) in August, meeting the Bloomberg consensus. On a twelve-month basis, CPI held at 3.4%. Energy costs rose by 2.1% m/m, led by a 3.9% m/m Read more…
As recently as Tuesday, Sept. 8, mortgage rates seemed unlikely to reach 7%. Fast forward 48 hours, and the average 30-year fixed mortgage rate hit 7.07%, according to Mortgage News Daily data. The MND mortgage Read more…