Skip to main content. Skip to contact links. Skip to navigation. If you wish for the loan officer to reach out to you, click to skip to their contact form. If you have questions for this loan officer, click to call them. If you need loan servicing, click to call our loan servicing department at 855-979-1084 Skip to footer navigation.
Beth Wittman

Beth Wittman

Branch Manager
Movement Mortgage
NMLS ID # 49745

Despite Easing Inflation, Fed Governors Caution Against Early Cheers

By: Movement Team
November 17, 2023

It has been a packed week for economic data reports. The most anticipated was Tuesday's Consumer Price Index (CPI), offering a current snapshot of US inflation. Both headline and core CPI came in a tenth lower than expected month over month as well as year over year. Yields immediately tumbled as investors saw this as Fed policy having the desired effect and thus fueling the market narrative talked about before that Fed tightening is done. Wednesday saw yields reverse slightly as Retail Sales came in a bit stronger than anticipated, indicating that although slowing down the American consumer remains resilient.

It is worth mentioning that during earnings calls this week Walmart warned it sees a challenging environment ahead for US consumers. Thursday morning's Initial Jobless Claims came in higher than expected, hinting that the once-resilient US labor market might be showing signs of strain. Despite the prevailing market belief that Fed rate hikes are finished and 2024 might witness rate cuts, Fed Governors continue to emphasize a data-dependent approach and readiness to hike rates if needed. While this narrative tug-of-war plays out, more economic data is released, and geopolitical events evolve, expect volatility to continue.

Movement Mortgage "MM" red logo
Author: Movement Team

Movement Mortgage exists to love and value people by leading a Movement of Change in its industry, corporate cultures and communities. A national top 10 retail mortgage lender, Movement funded more than $20 billion in residential mortgages in 2022. Movement is best known for its innovative mortgage process and referable experience, which begins with upfront underwriting and a seven-day loan processing goal. For more information, visit


Beth Wittman
Beth Wittman
Branch Manager
Wondering how much home you can afford? Let’s talk about your next move!
19-23 Granite Street, Suite 115, Braintree, MA 02169
(opens in a new tab)
NMLS # 49745

State License #CT-LO-49745, NH, MA-MLO49745, ME, RI