January 23rd, 2026 2:00 PM by T. Fanning
Single digit temperatures…gross! Stay warm!
This past week, markets were mixed as bonds and stocks moved back and forth. Economic reports showed steady job growth and solid economic growth, while inflation remained above the Fed’s goal, making near-term rate cuts less likely. Overall, there were no major surprises, and mortgage rates stayed mostly steady with only small changes.
Tomorrow, the University of Michigan Consumer Sentiment index will be released, giving insight into how confident people feel about their finances and jobs. Higher confidence usually leads to more spending, which can push interest rates higher, while lower confidence is better for bonds and mortgage rates. Next week, markets will also focus on new inflation and jobs reports and any updates from the Federal Reserve, all of which could impact the U.S. economy and interest rates.
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