Daily Market Update 5/30/17

Mortgage rates were little changed Tuesday in quiet trading.  In economic news, the April PCE price index, the Fed’s preferred measure of inflation, rose 0.2%, above the consensus forecast of 0.1%, and was 1.5% higher than one year ago.  April Personal Income increased 0.4%, matching expectations.  Consumer Confidence fell to 117.9, a bit lower than expected.  No other key data will be released today.

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