Calculated Threat: Tuesday: CPI

by Calculated Threat on 12/12/2022 08:08:00 PM

From Matthew Graham at Mortgage Information Day by day: Have We Mentioned CPI and The Fed?

It has been greater than a month because the final CPI report despatched mortgage charges decrease on the quickest single-day tempo on report. Since then, other than one attention-grabbing response to Powell’s speech two weeks in the past, the principle order of enterprise has been to attend for the following CPI report and the Fed announcement that will observe a day later. As the brand new week begins, we’re a mere 24 hours away. That makes immediately a placeholder of the very best order. Volatility is feasible, particularly after the 1pm 10yr Treasury public sale, however it pales compared to what tomorrow could deliver. [30 year fixed 6.39%]
emphasis added

Tuesday:
• At 6:00 AM ET, NFIB Small Enterprise Optimism Index for November.

• At 8:30 AM, The Shopper Worth Index for November from the BLS. The consensus is for a 0.3% improve in CPI, and a 0.3% improve in core CPI.  The consensus is for CPI to be up 7.3% year-over-year and core CPI to be up 6.1% YoY.