There was a lot riding on this week’s economic data and it delivered in a big way.
Source: Kevin Litwicki MBSLIVE
Sharply Lower Inflation Brings Fed Rate Cuts Into Focus

It may have been a shorter week than normal due to the holiday, but it was no less important as several economic reports added to the case for rate cuts.
Source: Kevin Litwicki MBSLIVE
Economic Data Building a Case For Rate Cuts

The week began with a distinct absence of interest rate volatility, but things changed in a big way by Friday–at least in relative terms.
Source: Kevin Litwicki MBSLIVE
Slow Start for Rates Gives Way to Volatility With More to Come Next Week

After a rocky start to the year, things began to improve for rates and the inflation outlook in May. June took the improvement to the next level, but this week didn’t affect the bigger picture.
Source: Kevin Litwicki MBSLIVE
June Shaping Up Nicely, But Bigger Tests Are Yet to Come

This week was hotly anticipated by investors due to the confluence of economic data and events. Depending on the outcome, interest rates stood to gain or lose quite a bit of ground. Thankfully, the news was almost all good.
Source: Kevin Litwicki MBSLIVE
Big Inflation Victory Gets Rates Back to Lowest Levels Since March

Interest rates came into the current week with a bit of a bias, but the data pushed back… eventually.
Source: Kevin Litwicki MBSLIVE
Wild Week in Response to Economic Data And There's More On The Way

This week got off to a late start as markets were closed on Monday for Memorial Day. Upon returning to the office, traders began pushing rates higher almost immediately.
Source: Kevin Litwicki MBSLIVE
Plenty of Rate Volatility Despite Holiday-Shortened Week

It was largely a dull week for financial markets in terms of scheduled data and volatility, but numerous Fed speeches helped reiterate what the market thought it already knew.
Source: Kevin Litwicki MBSLIVE
The Fed is No Longer Eager to Cut Rates And The Market Knows It

The Consumer Price Index (CPI) is the most important economic report on any given month these days and it came out this week. Markets were happy to see that it merely matched expectations.
Source: Kevin Litwicki MBSLIVE
Hotly Anticipated Inflation Data Keeps Hope Alive

In general, you should be skeptical any time someone says a future week will be more volatile. There’s really no way to know such things in advance, but this time is an exception.
Source: Kevin Litwicki MBSLIVE
The Upcoming Week Will Be Significantly More Volatile