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Unfortunate, But Logical Reaction to Much Hotter Core Inflation

Unfortunate, But Logical Reaction to Much Hotter Core Inflation

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Unfortunate, But Logical Reaction to Much Hotter Core Inflation
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Unfortunate, But Logical Reaction to Much Hotter Core Inflation
Unfortunate, But Logical Reaction to Much Hotter Core Inflation
Unfortunate, But Logical Reaction to Much Hotter Core Inflation
Unfortunate, But Logical Reaction to Much Hotter Core Inflation
News & media website News & media website | 1 year ago
Unfortunate, But Logical Reaction to Much Hotter Core Inflation Markets had been waiting on today's CPI report for quite a while--weeks at least.  It was one of the last shoes to drop before the Fed announcement on September 21st, and it arrived at a time where the market had fully priced in a 75bp hike, but was willing to consider something even higher if the data was convincing.  This was arguably convincing enough for the Fed to at least open the conversation.  Fed Funds Futures agreed.  ...
Unfortunate, But Logical Reaction to Much Hotter Core Inflation Markets had been waiting on today's CPI report for quite a while--weeks at least.  It was one of the last shoes to drop before the Fed announcement on September 21st, and it arrived at a time where the market had fully priced in a 75bp hike, but was willing to consider something even higher if the data was convincing.  This was arguably convincing enough for the Fed to at least open the conversation.  Fed Funds Futures agreed.  ...
Paradoxical Initial Reaction to Hotter CPI, But The Day is Young
Paradoxical Initial Reaction to Hotter CPI, But The Day is Young
Paradoxical Initial Reaction to Hotter CPI, But The Day is Young
Paradoxical Initial Reaction to Hotter CPI, But The Day is Young
News & media website News & media website | 1 month ago
It's been a weird morning so far with core CPI coming in at 0.4 vs 0.3 forecast--something that should have certainly sent bonds scrambling into weaker territory--only for bonds to rally after a few brief moments of selling.  This paradoxical result could have only been due to a few "yeah buts" in the underlying data.  Likely suspects include the drop in the closely watched shelter component (0.4 vs 0.6 previously), an even bigger drop in the even more stubborn medical services, and the simple...
It's been a weird morning so far with core CPI coming in at 0.4 vs 0.3 forecast--something that should have certainly sent bonds scrambling into weaker territory--only for bonds to rally after a few brief moments of selling.  This paradoxical result could have only been due to a few "yeah buts" in the underlying data.  Likely suspects include the drop in the closely watched shelter component (0.4 vs 0.6 previously), an even bigger drop in the even more stubborn medical services, and the simple...
MBS Live Recap: Bonds Bounce Back Despite Hotter Inflation Data
MBS Live Recap: Bonds Bounce Back Despite Hotter Inflation Data
MBS Live Recap: Bonds Bounce Back Despite Hotter Inflation Data
MBS Live Recap: Bonds Bounce Back Despite Hotter Inflation Data
News & media website News & media website | 1 year ago
Bonds Bounce Back Despite Hotter Inflation Data Feel free to call it a comeback, but don't ask why it happened.  Today's bond rally is an answer in search of a question or a solution in search of a problem.  You get the idea.  There were only 2 kinds of market participants who expected a medium-big bond rally to follow a hotter CPI print: perma-bulls and lucky guessers.  Any factual, objective attempt would rely on things like&nb...
Bonds Bounce Back Despite Hotter Inflation Data Feel free to call it a comeback, but don't ask why it happened.  Today's bond rally is an answer in search of a question or a solution in search of a problem.  You get the idea.  There were only 2 kinds of market participants who expected a medium-big bond rally to follow a hotter CPI print: perma-bulls and lucky guessers.  Any factual, objective attempt would rely on things like&nb...
Paradoxical Bond Bounce Despite Hotter Inflation Data
Paradoxical Bond Bounce Despite Hotter Inflation Data
Paradoxical Bond Bounce Despite Hotter Inflation Data
Paradoxical Bond Bounce Despite Hotter Inflation Data
News & media website News & media website | 1 year ago
We knew CPI was the biggest potential market mover this week and it hasn't disappointed in that regard.  It has also provided bonus entertainment in the form of a paradoxical recovery after a sharp initial sell-off. Truth be told, the initial sell-off was surprisingly tame given the 1.3 vs 1.1 CPI headline.  10yr yields didn't even make it up to last week's highs.  Far more surprising was the move back to stronger territory that happened shortly after 10am. There are no obvious individual he...
We knew CPI was the biggest potential market mover this week and it hasn't disappointed in that regard.  It has also provided bonus entertainment in the form of a paradoxical recovery after a sharp initial sell-off. Truth be told, the initial sell-off was surprisingly tame given the 1.3 vs 1.1 CPI headline.  10yr yields didn't even make it up to last week's highs.  Far more surprising was the move back to stronger territory that happened shortly after 10am. There are no obvious individual he...
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
Will hotter inflation data trigger more rate hikes?
housingwire housingwire | 1 year ago
CPI inflation came in hotter than expected and people are scared the Fed will now be more aggressive with rate hikes. Should you be worried? The post Will hotter inflation data trigger more rate hikes? appeared first on HousingWire.
CPI inflation came in hotter than expected and people are scared the Fed will now be more aggressive with rate hikes. Should you be worried? The post Will hotter inflation data trigger more rate hikes? appeared first on HousingWire.
Inflation comes in hotter than expected, mortgage rates soar
Inflation comes in hotter than expected, mortgage rates soar
Inflation comes in hotter than expected, mortgage rates soar
Inflation comes in hotter than expected, mortgage rates soar
housingwire housingwire | 1 year ago
Consumer prices in August rose slightly from July, all but ensuring the Federal Reserve will hike interest rates aggressively at its upcoming September meeting to tamp down inflation. Despite decreases in the indexes for airline fares, communication, and used cars and trucks, the Consumer Price Index (CPI) rose 0.1% from the month in August, after […] The post Inflation comes in hotter than expected, mortgage rates soar appeared first on HousingWire.
Consumer prices in August rose slightly from July, all but ensuring the Federal Reserve will hike interest rates aggressively at its upcoming September meeting to tamp down inflation. Despite decreases in the indexes for airline fares, communication, and used cars and trucks, the Consumer Price Index (CPI) rose 0.1% from the month in August, after […] The post Inflation comes in hotter than expected, mortgage rates soar appeared first on HousingWire.
Ep. #91 Typical Rent Increases vs Inflation: How Much to Hike
Ep. #91 Typical Rent Increases vs Inflation: How Much to Hike
Ep. #91 Typical Rent Increases vs Inflation: How Much to Hike
Ep. #91 Typical Rent Increases vs Inflation: How Much to Hike
sparkrental sparkrental | 1 year ago
The post Ep. #91 Typical Rent Increases vs Inflation: How Much to Hike appeared first on SparkRental.
The post Ep. #91 Typical Rent Increases vs Inflation: How Much to Hike appeared first on SparkRental.
MBS Live Morning: Bonds Catch No Breaks Even After Lower Core Inflation
MBS Live Morning: Bonds Catch No Breaks Even After Lower Core Inflation
MBS Live Morning: Bonds Catch No Breaks Even After Lower Core Inflation
MBS Live Morning: Bonds Catch No Breaks Even After Lower Core Inflation
News & media website News & media website | 1 year ago
This morning's much-anticipated core PCE inflation headline came out at 5.2% year-over-year versus a median forecast and previous reading of 5.3%.  Great news! Right?  Turns out: not so much.  Markets were still hung up about a big beat in headline inflation (0.9 vs 0.5 previously) as well as a big beat in the Employment Cost Index (1.4 vs 1.1 f'cast).  Yields spiked to the highest levels of the week after a bit of initial indecision.  MBS started out down half a point.   Bonds managed ...
This morning's much-anticipated core PCE inflation headline came out at 5.2% year-over-year versus a median forecast and previous reading of 5.3%.  Great news! Right?  Turns out: not so much.  Markets were still hung up about a big beat in headline inflation (0.9 vs 0.5 previously) as well as a big beat in the Employment Cost Index (1.4 vs 1.1 f'cast).  Yields spiked to the highest levels of the week after a bit of initial indecision.  MBS started out down half a point.   Bonds managed ...
How to Make Shower Water Hotter
How to Make Shower Water Hotter
How to Make Shower Water Hotter
How to Make Shower Water Hotter
millennialhomeowner.com millennialhomeowner.... | 1 year ago
If you’re tired of having lukewarm water in your shower, you’re probably wondering how to make shower water hotter. The first step is to determine whether your hot water heater needs to be serviced or if you simply need to adjust its temperature setting. If this doesn’t solve the problem, consider replacing your water heater … The post How to Make Shower Water Hotter appeared first on Millennial Homeowner.
If you’re tired of having lukewarm water in your shower, you’re probably wondering how to make shower water hotter. The first step is to determine whether your hot water heater needs to be serviced or if you simply need to adjust its temperature setting. If this doesn’t solve the problem, consider replacing your water heater … The post How to Make Shower Water Hotter appeared first on Millennial Homeowner.
Resilient In Spite of Hotter Inflation; There's Something About 9:30am
Resilient In Spite of Hotter Inflation; There's Something About 9:30am
Resilient In Spite of Hotter Inflation; There's Something About 9:30am
Resilient In Spite of Hotter Inflation; There's Something About 9:30am
News & media website News & media website | 1 year ago
Both the June PCE inflation data and the Employment Cost Index came in hotter than expected this morning.  Bonds certainly thought about selling in response, but quickly recovered.  While this isn't a huge surprise considering PCE told the same story as the June CPI data that came out 2 weeks ago, it's nonetheless refreshing to see. There's Something About 9:30am The most obvious observation about 9:30am ET is that it marks the opening bell for the NYSE.  That may be the stock market, but bon...
Both the June PCE inflation data and the Employment Cost Index came in hotter than expected this morning.  Bonds certainly thought about selling in response, but quickly recovered.  While this isn't a huge surprise considering PCE told the same story as the June CPI data that came out 2 weeks ago, it's nonetheless refreshing to see. There's Something About 9:30am The most obvious observation about 9:30am ET is that it marks the opening bell for the NYSE.  That may be the stock market, but bon...