MBS RECAP: Inflation Data Throws Down Gauntlet. Markets Panic

Posted To: MBS Commentary

Inflation Data Throws Down Gauntlet. Markets Panic It's easy enough to imagine or even expect that near-term inflation spikes are transitory and that it will be a tall order to sustain core annual levels in the 2.5% neighborhood–especially when you're heading into the day with the consensus at 2.3% and the highest forecast at 2.5%. Things change fairly quickly when the actual number comes in at 3.0%, driven NOT by mathematical factors but instead by a bonafide surge in April (0.8% month-over-month versus 0.2% forecast, and 0.6% in March). Neither stocks nor bonds enjoyed the news. Econ Data / Events Fed MBS Buying 10am, 1130am, 1pm Consumer Price Index (CPI, Inflation) MONTHLY: …………. .0.8 vs 0.2 f'cast ANNUAL, CORE: …… 3.0 vs 2.3 f'cast Market Movement Recap 08…(read more)

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MBS RECAP: Inflation Data Throws Down Gauntlet. Markets Panic
MBS RECAP: Inflation Data Throws Down Gauntlet. Markets Panic

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