February 20th, 2026 4:57 PM by T. Fanning
Hello! Stay warm this weekend!
This week’s economic data didn’t move markets much, but a Supreme Court ruling against tariffs pushed mortgage rates slightly higher. Investors worry that removing tariffs could lower government revenue and increase the deficit, which might lead to more bond supply and higher rates. Inflation is still a concern for the Fed, with Core PCE (Personal Consumption Expenditures Price Index - a key inflation measure that tracks how prices are changing for goods and services people buy) rising 3.0% year over year in December — still above their 2% target.
Next week is much lighter than this one when it comes to important economic data. It starts with one moderately important report and ends with another key inflation reading. We’ll also be watching a couple of Treasury auctions and more speeches from Fed members.
Please feel free to contact me if I can provide guidance or assistance to you or someone you know!
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