Mortgage rates moved higher for the first time in three weeks, as the 10-year Treasury yield remained elevated in the wake of Secretary Scott Bessent’s debt repurchase plans. Processing Content Bessent’s plans to repurchase longer-term bonds is not impressing the markets, while the July personal consumption expenditures index data, while not showing inflation strengthening, also […]

Processing Content Key insight: Federal Reserve Chair Kevin Warsh is slated to give a speech Friday at the Jackson Hole Economic Symposium, historically a keynote event that he will likely use as an opportunity to reestablish the central bank’s credibility with markets by explaining how the Fed will respond to changing economic conditions. Supporting data: