Daily Market Update 5/15/09

Mortgage rates were little changed Friday as April’s Consumer Price Index (CPI) was unchanged from March. The CPI fell on an annualized basis -0.7% from last April. The more closely watched core rate, excluding food and energy, rose 0.3%, a bit more than expected. Industrial Production fell -0.5% in April, close to consensus forecast. Consumer Sentiment rose to its highest reading since last September, providing evidence the economy has begun to stabilize. No major economic reports are due out next week. Investors are likely to turn their focus to events in Washington and securities purchases by the Fed.

Leave a Reply

Your email address will not be published.

Back to top