This week the inflation report (Core Consumer Price Index) was released and the results showed inflation rising at a higher rate than anticipated.  As a reaction to this report mortgage interest rates rose late in the week and are higher than they were last week.

Next week the following economic events will occur and economic data will be released:

  1. The Retail Sales report and the Industrial Production report will both be released on Tuesday; and
  2. The Housing Starts report will be released on Wednesday.