Fed’s Favorite Gauge & Jobs Data Drive Mortgage Rates

In this week’s Master the Markets, Bill Bodnar examines critical data shaping mortgage rates. Last week hinted at a pause in rate hikes, but all eyes are now on the Fed’s favored inflation gauge—the Core Personal Consumption Expenditures (PCE) index. Coupled with a full slate of labor data, the other side of the Fed’s mandate, these indicators could drive significant market reactions. Will this week’s data shift the Fed’s stance on interest rates? Join Bill as he unpacks the potential impact on mortgage rates and what mortgage professionals should prepare in a potentially volatile week.