Mortgage Rates Today, Dec. 20, 2024: Important Inflation Data Due Today. But Will It Matter?
The Fed's favorite gauge of inflation is on this morning's calendar. But are markets in the mood to pay attention?
December 20, 2024 3 MIN
The Fed's favorite gauge of inflation is on this morning's calendar. But are markets in the mood to pay attention?
As we feared, mortgage rates jumped sharply yesterday after that afternoon's Fed events.
Today's Fed events have the potential to move mortgage rates significantly. We must hope those events are as friendly as possible toward mortgage rates.
Tomorrow's Fed events will likely swamp market reactions to today's economic data.
Wednesday's Fed events will dominate this week. But an interest rate cut is unlikely to have much effect.
Even after yesterday's disappointing inflation data, investors are still convinced the Fed will cut general interest rates next week.
After an inflation damp squib, all eyes turn to the Fed's interest rate announcement next week.
Today's consumer price index could have far-reaching effects on mortgage rates.
