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Parker Rockett Borofsky

Parker Rockett Borofsky

Branch Leader
Movement Mortgage
NMLS ID # 1460526

Market Update

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May 17, 2024

Inflation Data Boosts Hopes for Fed Rate Cuts by Year-End

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%...

Parker Rockett Borofsky
Parker Rockett Borofsky
Branch Leader
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114 Lovell Rd. Suite 102, Knoxville, TN 37934
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NMLS # 1460526

State License #AL-72467, AZ-1030450, AR-129202, CA-DFPI1460526 - CA DFPI under the California Residential Mortgage Lending Act, CO-100528795, CT-LO-1460526, DE-MLO-1460526, FL-LO63821, GA-51176, HI-1460526, IA-51426, IN-DFI-62929, IL-031.0076713, KS-LO.0050131, KY-MC794330, LA, MA-MLO1460526, MD, ME, MI-1460526, MN-MLO-1460526, MO-1460526, MS-1460526, MT-1460526, NC-I-169571, NH, NJ-1460526 - licensed by the N.J. Department of Banking and Insurance, NM, NV-81077, OH-OH.1460526, OK-MLO27083, OR, PA-97935, SC-BFI-MLO-1460526, SD-1460526.MLO, TN-128519, TX-SML, VA-MLO-63293VA, VT-MLO-1460526, WA-MLO-1460526, WI-1460526, WV-LO-1460526, WY-103845