Danny Dayan
@DannyDayan5
Published: March 12, 2025
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Cooler CPI driven entirely by airfares, but markets should like this. Also of note, MBS apps +31% in 2 weeks, refis +59%, and finally a 7% bounce in purchase apps. Housing responding to these rates a good sign. If admin is quiet, FCI loop lives again.
Without the sharp move in airfares, we'd be looking at 0.4 both headline and core. Goods positive 2nd month in a row, before tariffs. Bond market recognizes this.
