Daily Market Update 10/15/15

Rates were little changed Thursday as mortgage-backed securities gave back yesterday’s late gains.  In economic news, weekly Jobless Claims fell to 255,000, well below expectations.  The Consumer Price Index (CPI) declined 0.2% in September, matching forecast, but the more closely watched “Core” CPI, which excludes volatile food and energy components, rose 0.2%, a bit higher than expected.  Core CPI was 1.9% higher than one year ago, close to the Fed’s target inflation rate of 2.0%, to the highest level since July 2014.  Separately, the Empire State Index came in at -11.4 and the Philly Fed Index came in at -4.5.  Both readings were below expectations.  Readings below zero indicate contraction in the manufacturing sector in the Northeast region.  No other key data will be released today.

Back to top