Moore Mortgage Solutions

    The Core Personal Consumption Expenditure (Core PCE) was reported at

0.1 matching economic analyst’s expectation.

    Why is this important? This is the Federal Reserve’s most favored measure of inflation. Their desired target zone for this leading indicator of inflation is 1% - 2%. When today’s report is factored in for the year, the year over year Core PCE is 2.0%.

    Of course, this makes the bond market very happy as the bond market never looks kindly on inflation.

    The other economic reports for today, Personal Income, Personal Spending, and Consumer Confidence, were all near or matched expectations.

    We should have a somewhat calm day today but next week may be another roller coaster as several economic reports will be delivered everyday except for Wednesday which has the potential to move the markets.

    In the meantime, I am available to help you decipher the market conditions and help you make informed decisions.

    Until next time, make every day an inspired one!

Betsy Moore

betsy@mooremortgagesolutions.com

206-331-2749