Recent Inflation Data Shows Downward Momentum

By: Movement Team

March 1, 2024

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Market Update
Recent Inflation Data Shows Downward Momentum

The bond market exhibited a surprising level of calm this week despite a wealth of economic data. Of particular significance were Thursday's releases, including key indicators such as Personal Income, Personal Spending, and the Personal Consumption Expenditures Index (PCE) – the latter being the Federal Reserve's preferred measure of inflation. The focus on inflation was underscored by Core PCE, which aligned closely with expectations, registering a Year-over-Year decline to 2.8% from the previous month's 2.9%. Over a six-month period, the PCE inflation rate is even lower. Notably, this morning's manufacturing data revealed a performance weaker than anticipated.

Despite signs of a resilient economy, there are indications of potential slowing as the Federal Reserve continues to make strides in aligning inflation with its target rate.

Author: Movement Team

About Movement Mortgage, LLC (“Movement”)

Movement is not just a mortgage company – they’re an Impact Lender and force for positive change. With more than 4,000 teammates across all 50 states, they reinvest the majority of our proﬁts back into the communities they serve. Movement is the 10th ranked top-producing residential mortgage company in the U.S., funding more than $20 billion in residential mortgages annually. The company has contributed nearly $400 million to the Movement Foundation since 2012, funding the Movement Schools network, affordable housing projects and global outreach efforts. For more information on Movement and Impact Lending, visit movement.com/impactreport .

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