Lack of action is its own action. MBA released their Mortgage Application data for last week showing purchases rose 2% after rising 7% in the previous report. Plenty of buyers getting back into the market.

Today is the second day for the Fed meeting with a press conference at 2pm ET. Will the Feds hike, cut or pause. Most smart people in the room think hike .25% but we are looking for indications there will be a pause moving forward.

Disinflation as I had mentioned in earlier posts is real and coming.

Have a great rest of your week.