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Sarah Bullinger

Sarah Bullinger

Loan Officer
Movement Mortgage
NMLS ID # 872038
420 West Broadway Ave, Stes B & C, Moses Lake, WA 98837
Dial Phone Number
p: (509) 855-3805
f: (509) 243-6498
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e: sarah.bullinger@movement.com

Inflation Decreased for the First Time Since 2020

By: Movement Staff
July 12, 2024
The US bond markets started the week on a calm note, awaiting the release of crucial Consumer Price Index (CPI) data on Thursday. Federal Reserve Chairman Jerome Powell delivered consistent testimonies to the Senate and House, maintaining his stance, although he acknowledged that ongoing labor market softness alongside favorable inflation figures could prompt a rate cut as early as September.

Following the release of the CPI report on Thursday, bond markets experienced a significant surge. The report showed a -0.1% decrease in month-to-month inflation, the first decline since 2020. It's important to understand that a decrease in month-to-month inflation may indicate that the economy is stabilizing, which could reduce the pressure on the Federal Reserve to keep interest rates high to combat inflation.

Overall, the decrease in inflation is a positive sign for the economy and could lead to a rate cut later in the fall.
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.

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Sarah Bullinger
Sarah Bullinger
Loan Officer
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420 West Broadway Ave, Stes B & C, Moses Lake, WA 98837
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NMLS # 872038

State License #WA-MLO-872038