Concerns mount over persistent inflationary pressures amid a moderating economy, prompting debate over future policy moves.
Tagged: Consumer Price Index
Further cooling inflation a good sign for mortgage rates, analysts say.
Economists predict calming inflation could prompt Federal Reserve to consider cutting interest rates, offering relief to loan originators and homebuyers.
September's consumer price data fuels debate on Fed's future moves; economists foresee a potential slowdown in rate hikes as housing market dynamics shift.
Gasoline prices fuel more than half the increase; Federal Reserve faces pressure ahead of upcoming interest rate decision.
A new report by the Bureau of Labor Statistics shows housing costs leading the increase, with core CPI at 4.7% for the year.
It was the largest 12-month increase since December 1981.
'Inflation will likely remain very hot for some time'
Increases in energy, food, and shelter costs drove the increases.