Skip to main content. Skip to contact links. Skip to navigation. If you wish for the loan officer to reach out to you, click to skip to their contact form. If you have questions for this loan officer, click to call them. If you need loan servicing, click to call our loan servicing department at 855-979-1084 Skip to footer navigation.
Steve Grzesczyk Headshot

Steve Grzesczyk

Branch Manager
Movement Mortgage
NMLS ID # 635954

Economic Data is Strong, But Inflation Remains Stubborn

By: Movement Staff
August 4, 2023
It has been another tough week for bond yields. While there are signs that the Federal Reserve’s hiking is starting to have an impact on growth, economic data remains solid and inflation remains higher than desired. Second quarter GDP and Durable Goods Orders came in stronger than expected this week, while inflation data, although improving, came in stronger than the 2.00% target. Financial markets will now focus on this Friday’s employment data and next week’s CPI (inflation) report.
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.


Steve Grzesczyk Headshot
Steve Grzesczyk
Branch Manager
Wondering how much home you can afford? Let’s talk about your next move!
124 Hebron Ave, Ste 2B, Glastonbury, CT 06033
(opens in a new tab)
NMLS # 635954

State License #CT-LO-635954