June 12th, 2026 10:34 AM by T. Fanning
Hope everyone had a good week—here’s a quick look at what moved the markets and what to keep an eye on heading into next week.
Inflation was the big story this week, with the Consumer Price Index showing prices rose 4.2% from a year ago in May, while core inflation came in at 2.9%. Investors also kept a close eye on the conflict with Iran, which added uncertainty to the markets and pushed energy prices higher. Mortgage rates saw plenty of volatility as investors reacted to both the inflation data and geopolitical headlines. The 10-year Treasury yield jumped after President Trump threatened additional military action against Iran, then moved back lower after those planned strikes were called off and tensions appeared to ease. When the dust settled, mortgage rates ended the week slightly lower than where they ended last week.
For the markets, attention will likely stay focused on developments in the Middle East early in the week, as Monday and Tuesday’s economic reports are not expected to have much impact. The biggest day will be Wednesday, when a key consumer spending report is released and the Federal Reserve wraps up its meeting, including updated economic forecasts and clues about future rate policy. After that, the economic calendar is fairly quiet for the rest of the week.
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