Reports on inflation close to Fed target -- what's it mean for rates?

New data released last week contained some surprises
  • The inflation rate is close enough to the Fed’s 2 percent target to increase unease among hawks. How to justify remaining super-easy with inflation near target?
  • A new study released by the Economic Innovation Group addresses the creepy sense felt by most of us that we live in and among two Americas. One making it in style, the other half not making it.

Global markets have been calm for a second-straight week. Mortgages are still just above their all-time low, holding down here despite up-ticks in stocks and oil. Remember: markets far more often reflect economic goings-on than cause change.