Daily Market Update 3/24/15

Rates held steady Tuesday as inflation data came in close to expectations.  The February Consumer Price Index (CPI) rose 0.2%, matching forecast.  Core CPI, which excludes volatile food and energy components, also increased by 0.2%, and was 1.7% higher than one year ago, below the Fed’s target rate for annual inflation of 2.0%.  Separately, New Home Sales jumped by 7.8% in February to 539,000 annual units, well above projections.  Stocks were mixed.  Results from today’s 2-year Treasury auction will be released at 1:00 PM.

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