Jerome Powell flipped the script at Jackson Hole, paving the way for a September rate cut and calling tariff-driven inflation “short lived.” The move sent stocks soaring, the 10-year Treasury tumbling, and mortgage-backed securities rallying.
This week, Bill Bodnar breaks down what Powell’s pivot means for mortgage rates, the importance of Core PCE data, and the key levels to watch in Treasuries and MBS. Could this be the start of a new leg lower in rates?
Powell Shocks Markets: Is Relief Finally Coming?
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