Market Commentary May 14 2018

Dated: 05/15/2018

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May 14, 2018

Last week saw little movement in mortgage rates. Bonds and mortgages traded throughout the week within a very tight range, showing almost no volatility.

Economic releases this week are on the light side. Retail Sales on Tuesday, and Housing Starts and Building Permits on Wednesday, will likely garner the most attention. We have several Fed speakers on tap for the week, including St. Louis Fed President & CEO, James Bullard, and Cleveland’s Fed speaker, Loretta Mester, Monday, May 14th. Pay attention for any comments indicating thoughts on the inflation outlook following last week’s tame inflation data. 
Economic Calendar for the week of 05/14/2018 to 05/18/2018:

Monday: N/A

Tuesday:  Empire Manufacturing, Retail Sales, Business Inventories and NAHB Housing Market Index

Wednesday: MBA Mortgage Applications, Housing Starts, Building Permits, Industrial Production, and Capacity Utilization

Thursday: Initial Jobless Claims, Continuing Claims, Philadelphia Fed Business Outlook and Bloomberg Consumer Comfort Index

Friday:N/A


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