It was a quiet week this week in economic news. The sale of the bonds was as expected. No surprises.
Wednesday the Q2 Productivity went up stronger than expected, at 0.9%, and the unit labor costs were up 0.6%.
The July PPI was DOWN 0.1%, which was slightly mortgage friendly.
The CPI for July was announced on Friday, and was up just 0.1%, which was slightly mortgage friendly.
So a little tick one way and a little tick that way, we end the week with rates flat week over week.