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Daphne Hayman

Daphne Hayman

Senior Loan Officer
Movement Mortgage
NMLS ID # 595853
228 W. Church Street, Ste 200-300, Salisbury, MD 21801
Dial Phone Number
p: (410) 251-4756
o: (443) 736-4819
f: (855) 697-5672
Send E-mail to
e: daphne.hayman@movement.com

Recent Inflation Data Shows Downward Momentum

By: Movement Team
March 1, 2024

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.

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 www.movement.com.

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Daphne Hayman
Daphne Hayman
Senior Loan Officer
Wondering how much home you can afford? Let’s talk about your next move!
228 W. Church Street, Ste 200-300, Salisbury, MD 21801
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NMLS # 595853

State License #MD - 595853, VA - MLO-17057VA