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Inflation Drops But Fed Hike Looms | Real Estate News
Inflation cooled to 3.5% last month, largely thanks to plunging oil prices—dropping from over $112 to around $68 a barrel, driven by ongoing tensions with Iran. While this offers some relief for the struggling real estate market, stripping out food and energy, core inflation rose to 2.6%, still above the Fed’s 2% target. With half of the FOMC projecting at least one rate hike this year, the Fed’s next move remains uncertain—watch for clarity in two weeks. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an…
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