Are markets paying any attention at all to economic reports? Maybe a bit. But their unpredictability is making it hard to guess what's coming next.
We're due some big economic reports today, including retail sales, and early inflation indicator, and industrial production.
There's nothing on today's calendar that's likely to move mortgage rates far. But unscheduled news might.
The consumer price index has the potential to move mortgage rates significantly. But will it?
We're due a couple of big economic reports this week. But will markets notice among tariff excitement?
Markets welcomed a new U.S.-U.K. trade deal. But good news for the economy tends to be bad for mortgage rates.
Mortgage rates barely moved yesterday despite the Fed's rate announcement. Only tariff news seems to be affecting markets much.
The chances are, the Fed will take a wait-and-see approach to general interest rates tomorrow. But there could be fireworks if it doesn't.