Inflation, Interest Rates, Stock Markets and Metro-Area Home Prices

February 16, 2024

The latest inflation report was just released: Both financial and bond markets were hoping for more significant declines. As of late morning (ET),stock markets were down a little over 1%, and the 10-year Treasury bill yield rate was up. According to the WSJ, the new reading implies that while the Fed had been expected to begin cutting its benchmark rate earlier, now "a June start date is more likely.