Inflation data suggests there are rainy days ahead, lowering the chances of the Fed easing rates.
Tagged: Consumer Price Index
Core inflation — less food and energy — remains slightly higher than the all items index
Traders are placing their bets that rates will dip in September
Department of Labor's April Consumer Price Index increased in line with expectations
Concerns mount over persistent inflationary pressures amid a moderating economy, prompting debate over future policy moves.
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.