Today’s podcast covers last week’s market drama with the lower-than-expected CPI print and the significant drop in mortgage rates.
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I recently wrote about this topic too with many charts, of course. Know that last week’s market move was very extreme, and too many people were positioned for a hotter CPI print, hence the massive action.
Over the weekend, Fed governor Waller commented on the recent move in stocks and bonds. I wrote about this last night, taking some of his quotes and explaining why the Federal Reserve doesn’t want to loosen credit conditions.
“We have always held to the hope, the belief, the conviction that there is a better life, a better world, beyond the horizon.” Franklin D. Roosevelt
Logan Mohtashami is a Lead Analyst for Housing Wire, a financial writer, and a blogger covering the U.S. economy with a specialization in the housing market. Logan Mohtashami, now retired, spends his days and nights looking at charts and nothing else