Articles Tagged: cpi

5 articles found

If Washington Goes Dark: How a Shutdown Data Blackout Could Scramble Fed Timing, Markets and Rate‑Cut Bets

The clock is running down on Capitol Hill, and with it the flow of the economic data that underpins Federal Reserve policy. If Congress fails to fund the government, a broad shutdown would trigger a "data blackout" from key statistical agencies—potentially sidelining the monthly jobs report, consumer inflation gauges and national income data just as the Fed navigates a shifting balance of risks. Markets are already bracing: consumer confidence has slipped to a five-month low and the Job Openings and Labor Turnover Survey (JOLTS) may stand as the last labor snapshot for weeks. A blackout would not just inconvenience forecasters. It would complicate the Fed’s data‑dependent reaction function ahead of its October and December meetings, force investors to lean harder on private proxies, and likely widen uncertainty premiums across rates and risk assets. Below, we map what turns off and what stays on, why it matters for the Fed, how markets may reprice cuts in a fog of missing data, and the practical playbook investors can use if official statistics go dark.

government shutdowndata blackoutFederal Reserve+17 more

Mortgage Rates Plunge as 10-Year Treasury Slides: Demand Surges and the Housing Playbook Shifts

A weaker-than-expected August jobs report knocked the 10-year Treasury yield toward 4%, igniting the sharpest daily drop in mortgage rates in more than a year and flipping the switch on pent-up demand. Average 30-year fixed rates are now firmly in the mid-6% range (6.35% as of September 11), with some lenders quoting in the high-5s for top-tier borrowers. The move is resetting near-term affordability calculations, reviving refinance conversations, and reordering the housing playbook for buyers, owners, and builders alike. The transmission mechanism is classic: softer labor data eased bond yields; mortgage-backed securities rallied; primary mortgage rates followed. The result is already visible in the application pipeline. Purchase demand is rising at the fastest clip since 2022, refinance activity is stirring, and homebuilder equities have sprinted higher over the past month. Yet structural constraints—stubborn prices and tight inventory—mean relief is real but not a cure. What happens next hinges on upcoming inflation prints, the Federal Reserve’s path, and whether supply can meet reawakened demand.

mortgage rates10-year TreasuryMBA applications+15 more

After the Jobs Curveball: How a September Fed Decision Could Reshape Stocks, Bonds and Mortgage Rates

Last week’s jobs curveball — an unexpectedly weak August payrolls print (nonfarm payrolls +22,000) coupled with a retroactive Bureau of Labor Statistics revision that reduced prior tallies by roughly 911,000 jobs — forced markets to reshape expectations for the Federal Reserve’s September meeting. That labor weakness arrived alongside a modest August CPI uptick and firmer core readings, producing a classic policy trade-off: weakening labor-market momentum that leans toward easing versus inflation signals that argue for caution. Markets quickly repriced the path of policy, moving short-dated futures and pushing Treasury yields and mortgage pricing lower. The Fed’s September decision — whether a cut, a pause, or a recalibration of forward guidance — will ripple across equities, the Treasury curve and mortgage markets, with immediate implications for monthly payments, housing demand and sector leadership. This article explains what happened, how markets reacted, the transmission channels to mortgage rates and housing activity, and practical scenarios for investors and borrowers preparing for the Fed’s next move.

Federal Reservejobs reportnonfarm payrolls+7 more

The Labor Market’s Slow Rebalancing: Wage Disinflation Meets a Normalizing Yield Curve

The multi-asset snapshot now points to a cooler but resilient growth backdrop with disinflation traction and a yield curve that has turned positively sloped. As of Friday’s close, SPY was 643.44 and QQQ 577.34, with DIA at 449.53 and IWM at 227.13; developed ex-U.S. (EFA) sat at 92.19 and EM (EEM) at 49.94, according to Yahoo Finance. Treasury yields reflect a normalized curve: 2Y 3.75%, 5Y 3.85%, 10Y 4.33%, and 30Y 4.92% (U.S. Treasury, 2025-08-15), leaving 2s10s at +58 bps and 2s30s at +117 bps. Market-based inflation expectations remain anchored with 5y breakeven at ~2.42%, 10y at ~2.38%, and 5y5y forward near ~2.34% (FRED). Headline PCE inflation was ~2.6% YoY in June, with core PCE ~2.8% YoY, and CPI in July at ~2.7% (core ~3.0%) (FRED/BEA). The unemployment rate is near 4.2% with prime-age employment still elevated and wage growth easing toward high-3%s (BLS/FRED). Volatility is subdued in equities (VIX ~15–16) but episodic in rates (MOVE recently eased after spikes) per Yahoo Finance and FRED. The July FOMC statement emphasized balanced risks and data dependence; the SEP medians still show disinflation progressing toward 2% and the policy rate drifting toward the mid-3s over the next two years (Federal Reserve/FOMC).

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Intel Stock Outlook: Policy Tailwinds vs. Execution Headwinds in an AI-Centric Cycle

As of Thursday, August 14, 2025 (4:00 pm ET), Intel (INTC) closed at $23.86 with an implied market capitalization of approximately $99.13 billion (per Yahoo Finance and FMP). Broader risk appetite was firm: SPY $644.95, Nasdaq Composite 21,710.67, and SOXX $254.14, while the VIX slipped to 14.51 (Yahoo Finance). Semis leadership remained concentrated in AI bellwethers: Nvidia (NVDA) $182.02, AMD $180.95, and TSM $241.00 (Yahoo Finance). Rates context as of August 14, 2025 shows a normalizing, upward-sloping curve: 2Y 3.74%, 5Y 3.82%, 10Y 4.29%, 30Y 4.88%, with the 2s10s spread at +55 bps and 3M–10Y roughly flat (−0.01 bps), signaling transition from deep inversion (U.S. Treasury). Market-based inflation metrics are anchored: the 10-year breakeven is 2.39% and 10-year TIPS real yield 1.87% (FRED). High-grade and high-yield credit spreads remain supportive at ~0.78% (IG OAS) and ~2.90% (HY OAS), respectively (FRED).

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