Rates are flat today on tame inflation data. The Personal Consumption Expenditures Index, the Fed’s favorite measure of consumer inflation, was 0.2% in August and 1.5% year-over-year through August. Excluding volatile oil and food costs from the readings, “Core” PCE price index was 0.1% for August and 1.4% YOY through August. The Fed looks closely
Gas Prices
Rates are flat today on tame inflation data. The Personal Consumption Expenditures Index, the Fed’s favorite measure of consumer inflation, was 0.2% in August and 1.5% year-over-year through August. Excluding volatile oil and food costs from the readings, “Core” PCE price index was 0.1% for August and 1.4% YOY through August. The Fed looks closely
Rates are down this morning on continued fears of a double dip recession and the latest inflation report confirming tame prices. Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were 0.2% in June and 1.5% year-over-year through June. Excluding volatile oil and food costs from the readings, “Core” PCE price index was
Rates continue their run down this morning on doubts about the economy and the latest inflation report confirming tame prices. Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were 0.2% in May and 1.9% year-over-year through May. Excluding volatile oil and food costs from the readings, “Core” PCE price index was unchanged
Just saw this on Facebook for first time, guessing it’s been around for a bit. Not sure if it’s photoshopped. So bad it’s almost funny (like most of the BP situation).
Rates are slightly better today following a key inflation report this morning. Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were unchanged in April and 2% year-over-year through April. Excluding volatile oil and food costs from the readings, “Core” PCE price index was 0.1% for April and 1.2% YOY through April. The
Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were 0.1% in March and 2% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” PCE price index for March was 0.1% and 1.3% YOY through March. The Fed looks closely at Core PCE excluding food and energy prices because
Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were 0.1% in March and 2% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” PCE price index for March was 0.1% and 1.3% YOY through March. The Fed looks closely at Core PCE excluding food and energy prices because
The US Producer Price Index, which measures inflation at the business and manufacturing levels of the economy, was 0.7% in March and 6% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” PPI for March was 0.1% and 0.9% YOY through March. The “Core” numbers were very close to last month
The US Consumer Price Index, which measures inflation at the consumer level of the economy, was nearly flat at 0.1% in March and 2.3% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” CPI for March was unchanged and increased 1.1% YOY through March. Consumer inflation for the month is within
FDIC and Big Banks Selling Bad Loans, Auctions & Jobs Weighing On Bonds, Banks Fill Fed’s MBS Buying
Banks Filling Fed MBS Buying Void So now we are done with the Fed’s program. It purchased $6 billion net in agency MBS over the past week, bringing its total net purchase to $1.250 trillion. On the first day post-Fed, current coupon mortgage securities only widened 3 basis points (invisible to any originator) to Treasury
Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were unchanged in February and 1.8% year-over-year through February. Excluding volatile oil and food costs from the readings, “Core” PCE price index for February was unchanged and 1.3% YOY through February. The Fed looks closely at Core PCE excluding food and energy prices because
The US Consumer Price Index, which measures inflation at the consumer level of the economy, was unchanged in February and 2.1% year-over-year through February. Excluding volatile oil and food costs from the readings, “Core” CPI for February increased 0.1% and increased 1.3% YOY through February. You can automatically create charts and download historical CPI data
The US Producer Price Index, which measures inflation at the business and manufacturing levels of the economy, was -0.6% in February and 4.4% year-over-year through February. Excluding volatile oil and food costs from the readings, “Core” PPI for February was 0.1% and 1% YOY through February. These monthly “All” and “Core” numbers were lower than
The US Producer Price Index, which measures inflation at the business and manufacturing levels of the economy, was -0.6% in February and 4.4% year-over-year through February. Excluding volatile oil and food costs from the readings, “Core” PPI for February was 0.1% and 1% YOY through February. These monthly “All” and “Core” numbers were lower than
GMAC Hires Goldman To Sell Mortgage Unit In a story from the New York Post, GMAC has hired Goldman Sachs to start the process of selling Res Cap. Between GMAC being mostly owned by the government ($17 billion for 56%), and Res Cap losing billions of dollars, and Warren Buffett’s Berkshire Hathaway owning a sizeable
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