by Calculated Risk on 1/08/2024 07:10:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Little Changed Over The Weekend; Inflation Data in Focus

Thursday's Consumer Price Index (CPI) will be the week's most potentially consequential event. The most widely traded inflation report, CPI has been at the scene of many of the biggest interest rate changes of the past 2 years, but notably, such reactions require a result that is far from the consensus among economic forecasters. [30 year fixed 6.74%]
emphasis added

Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for December.

• At 8:00 AM, CoreLogic House prices for November.

• At 8:30 AM: Trade Balance report for November from the Census Bureau. The consensus is the trade deficit to be $65.0 billion.  The U.S. trade deficit was at $64.3 billion in October.