Daily Market Update 8/28/15

Rates inched lower Friday as a decline in stocks boosted mortgage-backed securities.  In economic news, the July Core PCE price index, the Fed’s preferred measure of inflation, rose 0.1% and was a mere 1.2% higher than one year ago.  The Fed’s target rate for core inflation is 2.0%.  Personal Income increased 0.4%, matching forecast.  Consumer Sentiment fell to 91.9.  A reading of 93.0 had been expected.  No other key data will be released today.

Back to top