Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
Will 2.4% Inflation Finally Trigger Rate Cuts?
Today’s Consumer Price Index (CPI) report came in at 2.4% inflation, right in line with expectations. On the surface that sounds like good news — inflation appears to be cooling.But now the Federal Reserve faces a major dilemma.• Inflation is moving closer to the Fed’s 2% target• The jobs market is starting to weaken• The bond market is reacting• Mortgage rates are still elevatedSo the big question becomes:Will this finally trigger interest rate cuts?In today’s episode of The Rate Update, we break down:• The latest CPI inflation report (2.4%)• What the bond market is signaling• Where the…
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