Inflationary Quotes
You still have strong demand growth, a very tight labor market and rising inflationary pressures. Those are things that are not generally benign for bonds.
- Mike Ryan

With productivity up and inflationary pressures muted, the Federal Reserve Board elected this week not to change a key short-term interest rate. Moreover, most other economic data releases, such as unemployment and manufacturing, painted a slightly negative picture for future economic growth. These factors combined to keep mortgage rates stable.
- Frank Nothaft

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