Economic Indicators
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Consumer Price Index [CPI] May | 0.6% | E 0.5% | P 0.2% | elevated
Core CPI May | 0.2% | E 0.2% | P 0.1% | elevated
Consumer Sentiment Index June | 56.7 | E 57.5 | P 59.8 | modest
Economic Reports March 28 | 30F 6.000%
Filed under: Economic Indicators, Mortgage Rates Predictions
Personal Consumption YOY | Reported 2.0% | Est 2.0% | Prior 2.2% | ELEVATED
Personal Income | Reported 0.5% | Est 0.3% | Prior 0.3% | MODEST
Personal Spending | Reported 0.1% | Est 0.2% | Prior 0.4% | MODEST
Personal Consumption FEB | Reported 0.1% | Est 0.3% | Prior 0.2% | ELEVATED
Consumer Sentiment | Reported 69.5 | Est 71.0 | Prior 70.5 | MODEST
Inflation seams to be within the Fed’s 1-2% range based on YOY PCE. With inflation in check the Fed should have a green light to lower the Feds Cut Rate. The bond market is currently only up +22bp this morning. There is a full day of trading a head, so pending on how the stock market reacts to these reports, we may see a little better long term rates this afternoon.
Consumer Sentiment Index
The Consumer Sentiment Index from the University of Michigan addresses the expectations and concerns of 500 consumers. Consumer Sentiment correlates with Consumer Spending. The better consumer’s outlook, the more money Read more