🚨 CPI JUST PUT THE FED IN A CORNER!
🔥 Inflation jumped 0.4%
🔥 Core CPI was hotter than expected
💼 Jobs crushed expectations
🏭 PPI came in hot
📈 10-year Treasury is flirting with 5%
And now the market sees a Fed rate hike next week as increasingly likely.
But remember this:
🏠 The Fed doesn't directly set mortgage rates. THE BOND MARKET matters.
If Treasury yields keep climbing, mortgage rates could remain under serious pressure regardless of what people WANT the Fed to do.
Inflation isn't dead yet. 👀
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate