Posted To: MBS Commentary

Much like the CPI data 2 weeks ago, today’s PCE data showed the highest core inflation in decades. In fact, we’d have to go back almost 3 decades when inflation was still in the process of returning to earth after its aberrant spike in the 80s to see anything higher. And much like 2 weeks ago, the bond market is yawning with disinterest. If there’s a reason for this, it’s that insanely high inflation readings are the norm right now and today’s particular result fell right in line with the forecast. Markets are looking ahead to covid-related supply chain disruptions having less of an effect on prices. That’s when we’ll see how much of this inflation spike is truly transitory. Between now and then, markets are more interested in focusing on other big-ticket economic…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.
Published On: June 25, 2021 / Categories: Mortgage News /

Subscribe To Receive The Latest News

Curabitur ac leo nunc. Vestibulum et mauris vel ante finibus maximus.

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.