Markets are lower this morning on no real news. Bonds and MBS are down. Real Average weekly earnings increased 1.2% in January. Inflation at the consumer level was flat month-over-month and up 0.3% YOY. Ex food and energy, it was up 2.2%, which is the highest level since June of 2012. This would indicate the … Continue reading Morning Report: Inflation returns to the Fed’s target 2/19/16