http://MikesDailyMarketReport.com: Consumer Priced Index, an inflationary gauge for the consumer, rose 0.4% in March, which it's YoY rose from 1.5% to 1.9%; however, when you remove the food & energy (variables that cannot be controlled), you will receive the Core CPI, which only rose 0.1% in March, and it's YoY dropped from 2.1% to 2%. Later today, the FOMC Minutes will be released, so Investors will review how the Fed views Inflation currently and it's projections. Stocks are in Mixed Territory, as the DOW is lone index in Negative Territory. Investors will be watching the EU Summit in hopes to see if the EU will be granting an extension, possibly a long-term one, to the UK for their upcoming departure. Also, the ECB announced no changes to their interest rates or monetary policies. MBS are Up 11bps, which Mortgage Rates are currently Unchanged; but, it's possible that it could Improve during the day, as the Yields have dropped to 2.47% -adding less pressure to MBS.
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