Frank Nothaft Quotes
The Consumer Price Index released this week showed no decline, suggesting that the possibility of deflation is still low. Housing starts were stronger than expected, as were the leading indicators released today. All of these reports together could indicate the economy is ready to pick up growth. 
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Consumer | Price | Index | Released | Week |
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Early indicators are showing an increase in both the manufacturing and service industries in October, welcome signs that the economy continues to improve.
- Frank Nothaft
The general feeling in the market is that the economy may have bottomed out and recovery is in sight... It is just that sort of atmosphere that kept mortgage rates from falling last week. But if the economy begins to overheat and inflation becomes a threat once again, mortgage rates will almost certainly begin to rise in response. Currently, however, inflation is well contained and there is ample room for the economy to recover.
- Frank Nothaft