inflation: Mortgage Times
- 08/15/08 08:09 AM
Mortgage Markets Unfazed by Higher Inflation The week's headline economic report showed that inflation rose far more than expected in July, yet mortgage rates barely reacted and ended the week essentially unchanged. The July Consumer Price Index (CPI), the most widely watched inflation indicator, rose at the fastest annual rate since 1991. The core rate, which excludes the volatile food and energy components, rose at a 2.5% annual rate. The Fed's perceived comfort level for core inflation is between 1.5% and 2.0%. Mortgage rates usually move higher after an unexpected increase in inflation. This time they did not. Investors have started … (0 comments)
inflation: Fed Keeps Rate at 2%
- 08/05/08 07:45 AM
Fed Keeps Rate at 2% as Inflation Accelerates, Growth Stagnates 2008-08-05 18:13:36.80 (New York)
By Craig Torres Aug. 5 (Bloomberg) -- The Federal Reserve kept its benchmark interest rate at 2 percent for the second consecutive meeting as inflation accelerates and the economic slowdown shows signs of deepening. ``Although downside risks to growth remain, the upside risks to inflation are also of significant concern to the committee,'' the Federal Open Market Committee said in a statement today in Washington. Chairman Ben S. Bernanke is constrained by threats to both sides of his mandate to achieve stable prices and full employment. … (2 comments)
Mortgage Markets Unfazed by Higher Inflation
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