Skip to main content. Skip to contact links. Skip to navigation. Skip to search. Skip to footer navigation.

Sticky Inflation May Keep Rates Higher for Longer

By: Movement Team
May 3, 2024

This was a highly anticipated week for economic data, including the Federal Reserve meeting on Wednesday and the monthly employment release this morning. The Federal Reserve acknowledged that inflation is proving to be stickier than expected, and that rates may need to be held higher for longer.  They gave no indication that another hike is even being considered, though. The change in non-farm payrolls came in lower than expected this morning, which has been rare lately. The initial reaction has been lower yields. The economic data is lighter next week, although there are several treasury auctions throughout the week. 

Movement Mortgage "MM" red logo
Author: Movement Team

About Movement Mortgage
Movement Mortgage exists to love and value people by leading a Movement of Change in its industry, corporate culture, and communities. Funding approximately $30 billion in residential mortgages annually, Movement is the sixth-largest retail mortgage lender in the U.S. Movement is best known for its innovative mortgage process and referable experience, which begins with Upfront Underwriting and a seven-day loan processing goal. The company employs more than 4,000 people, has more than 650 branches in the U.S. and is licensed in 50 states. After funding its balance sheet and investing in future growth, Movement's profits are paid to its primary shareholder, the nonprofit Movement Foundation. To date, Movement Foundation has received more than $360 million of Movement profit to invest in schools, affordable housing, communities, and global outreach. For more information, visit