Rocket Companies stock (RKT) jumps on Trump’s $200B mortgage-bond push; CPI is the next test
Rocket Companies shares jumped 9.6% to $23.29 Friday after President Trump ordered $200 billion in mortgage bond purchases to lower rates. Treasury Secretary Scott Bessent said the buying aims to offset the Fed’s monthly reduction of mortgage-backed securities. Traders now await Tuesday’s U.S. CPI report for signals on rate moves.