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Dana Meadows

Dana Meadows

Senior Loan Officer
Movement Mortgage
NMLS ID # 70961
4714 Oleander Dr, Ste A, Myrtle Beach, SC 29577
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p: (704) 763-9728
f: (704) 253-4152
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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

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


Dana Meadows
Dana Meadows
Senior Loan Officer
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4714 Oleander Dr, Ste A, Myrtle Beach, SC 29577
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NMLS # 70961

State License #AL-72619, FL-LO53115, GA-61606, KY-MC760079, MI-70961, MT-70961, NC-I-153277, OH-MLO.050373.000, SC-MLO-70961, TN-220255, WV-LO-70961, VA-MLO-39650VA