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Kevin Helmick

Kevin Helmick

Branch Leader
Movement Mortgage
NMLS ID # 470444
2965 E. Tarpon Dr, Ste 190, Meridian, ID 83642
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p: (208) 860-0007
f: (208) 578-6597
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Inflation Data Boosts Hopes for Fed Rate Cuts by Year-End

By: Movement Staff
May 17, 2024
Sticky inflation remains the key obstacle to the Federal Reserve cutting interest rates, but Wednesday's inflation data offered encouraging signs. The Core Consumer Price Index (CPI) for April rose by 0.3% month-over-month and 3.6% year-over-year. The CPI is a critical measure used by the Fed to gauge inflation, excluding the volatile categories of food and energy. Although still above the Fed's target, this marks a cooling from March's figures. 

The Federal Reserve has indicated they won't wait for inflation to hit 2% before cutting the federal funds rate; they just need to see consistent progress. 

Investors and market participants closely watch reports like the CPI index to anticipate the Fed's next moves, as changes in the federal funds rate can impact borrowing costs for lenders and borrowers, including mortgage rates. Economists are predicting two separate 25 basis point (0.25%) cuts by year-end. Upcoming employment and inflation reports will be crucial in determining if this outlook holds.
Author: Movement Staff

The Market Update is a weekly commentary compiled by a group of Movement Mortgage capital markets analysts with decades of combined expertise in the financial field. Movement's staff helps take complicated economic topics and turn them into a useful, easy to understand analysis to help you make the best decisions for your financial future.


Kevin Helmick
Kevin Helmick
Branch Leader
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2965 E. Tarpon Dr, Ste 190, Meridian, ID 83642
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NMLS # 470444

State License #AZ-1034559, CA-DFPI470444, ID-MLO-2080470444, NV-75862, OR, SC-MLO - 470444, SD-470444.MLO, TX-Temporary Authority, WA-MLO-470444