"Today’s three economic releases actually gave us mixed results. The most important of the three was July’s Consumer Price Index (CPI) at 8:30 AM ET. It revealed a 0.2% increase in both the overall reading and the core data that excludes more volatile food and energy prices. Those matched forecasts, meaning inflationary pressures rose slightly at the consumer level last month, but was within expectations. Therefore, we should consider the data neutral towards bonds and mortgage rates," (©Mortgage Commentary 2013).
Posted on: Fri, 16 Aug 2013 01:38:07 +0000