Tag Archives: consumer price index

The big asterisk on that October jobs report: Economist

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Windermere’s Principal Economist Jeff Tucker looks at how recent events have impacted the October jobs report and what it means for the economy. Continue reading →

Existing-home sales show the market is still frozen: Economist

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Windermere’s Principal Economist Jeff Tucker looks at September’s “disappointing” existing-home sales report and discusses some of the factors impacting the numbers. Continue reading →

Numbers to know: Is the Fed having second thoughts about rate cuts?

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Inflation, combined with September’s strong jobs report, suggests that the Fed might be rethinking how quickly to cut the Federal Funds Rate, says Windermere’s Principal Economist Jeff Tucker. Continue reading →

Latest inflation numbers could give mortgage rates additional lift

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Reports send mixed signals on the economy, with CPI showing prices rose more sharply than expected in September and jobless claims surging to highest level in more than a year. Continue reading →

Fed expected to be cautious in cutting rates next week

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A surprisingly large increase in core CPI, which excludes volatile food and energy prices, means Fed policymakers are likely to start out with a modest 25 basis-point rate cut when they meet next week. Continue reading →

Mortgage rates trending down as Fed rate cuts seen as certain

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Investors see a September rate cut as a certainty, but the latest inflation data suggests recession fears are overblown and the Fed will start out with a modest, 25-basis point reduction. Continue reading →

Prospects for lower mortgage rates grow as inflation continues to ease

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The Federal Reserve’s preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed’s 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021. Continue reading →

Mortgage rates headed under 7% on encouraging inflation data

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Homebuyers have yet to respond in force to drop in rates, which have been in retreat from 2024 highs for three consecutive weeks following Fed easing and soft jobs and CPI reports. Continue reading →

Inflation rises to 3.2% in February, raising doubts about soft landing

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Inflation rose 0.4 percent in February to an annual rate of 3.2 percent, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics’ Consumer Price Index. Continue reading →

Demand for purchase mortgages drops for 3rd week in a row

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Lender survey shows applications from homebuyers is down 12 percent from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data. Continue reading →