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SUMMARY: Retail sales were lower than expected and consumer confidence fell to an 8-month low, which pushed down rates as investors believe a December rate cut is likely now. In other news, PPI was higher than expected, pending home sales were better than expected, and Kevin Hasset is now the frontrunner to replace Jerome Powell in May...
By Wilmington MortgageSUMMARY: Retail sales were lower than expected and consumer confidence fell to an 8-month low, which pushed down rates as investors believe a December rate cut is likely now. In other news, PPI was higher than expected, pending home sales were better than expected, and Kevin Hasset is now the frontrunner to replace Jerome Powell in May...