Daily Market Update 7/22/14

Rates were little changed Tuesday on mixed economic data.  This morning, the June Consumer Price Index (CPI) rose 0.3%, matching expectations, and was 2.1% higher than one year ago.  Core CPI, which excludes volatile food and energy components, increased 0.1%, a bit below forecast.  Existing Home Sales rose by 2.6% to 5.04 million annual units, slightly better than expected.  No other data will be released today.

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