In dire need of a market-friendly CPI report, traders seemed to know that’s not what was coming as treasuries opened with bearish gaps leaving the 5-year yield within a basis point of its 5/4 yield crest. Processing Content Crude oil was also up another $3.50, which I’m sure didn’t help. Expectations were for headline CPI […]
Hotter-than-expected CPI sends yields climbing Read More »
Key takeaway: Inflation in April continued to accelerate among all categories tracked, despite slight dips in the overall energy index. Supporting data: The Consumer Price Index, a monthly indicator of consumer inflation, rose by 0.6% in April and 3.8% year over year. What’s at stake: Federal Reserve officials are likely watching the latest inflation figures
Energy shock drives consumer prices up 0.6% in April Read More »
Freedom Mortgage has agreed to pay a $750,000 settlement to resolve a Fair Labor Standards Act complaint from a class of over 900 employees. Processing Content A federal judge last month granted preliminary approval to the agreement between the large lender and servicer and remote call center employees. The lawsuit filed last March claims that
Freedom Mortgage settles FLSA suit with call center workers Read More »