Three pieces of news surfaced yesterday that should have pushed interest rates through the roof! 1) Inflation (CPI) came in much hotter than expected; 2)The Fed made comments about “rates needing to stay higher to ensure inflation is tamed;” and 3)An employment report (jobless claims) came in much stronger than expected. When I saw this news surface, I thought we’d see rates climb at least 1/4% yesterday, but instead they actually fell a bit.Read More