Inflation ticked up in October, CPI report shows. What happens next with interest rates?
Forecasters had expected lingering inflation in October. How will the new numbers affect the next Federal Reserve decision on interest rates?
Oct CPI inflation up modestly, as expected
U.S. consumer prices increased as expected in October, and progress toward bringing inflation down has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year.
US inflation may have picked up in October after months of easing
Still, most economists think inflation will eventually resume its slowdown. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall costs are s
US consumer inflation rises in October on higher housing costs
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates.
Inflation rises in October; Fed rate cut still expected
The report from the Labor Department on Wednesday was in line with economists' forecasts, and did not change expectations that the U.S. central bank would deliver a third rate cut in December. Lisa Bernhard has more.
Inflation Rose In October, Raising Concerns For Fed Rate Cuts
Inflation in the United States ticked up in October, driven by costlier rents, used cars and airfares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
US inflation rose 2.6% in October — higher than a month earlier — as Fed weighs further rate cuts
US inflation accelerated in October from the pace it set a month earlier — raising doubts whether the Federal Reserve will continue to cut interest rates before the end of the year. The Consumer Price Index rose 2.
CNET4h
Today's Mortgage Rates Aren't the Highest We've Seen
What is the lowest mortgage rate in history? The lowest mortgage rate we've ever seen is in recent memory. During the ...
Why mortgage interest rates may drop again this week
The mortgage interest rates of 2020 and 2021 may never reappear but, if they do, it will be a gradual process to get them ...
Hosted on MSN10h
Today's Mortgage Rates, November 13, 2024 | Rates Up As Markets Digest Warmer Inflation Report
Mortgage rates started ticking up from historic lows in the second half of 2021 and increased dramatically in 2022 and throughout most of 2023. But as inflation decelerated and the Fed geared up ...
The Fed just cut interest rates again, this time by a quarter of a percentage point
The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.
Fed cuts interest rates a second time but economists say 2025 outlook uncertain
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
Refinance Rates Hover Near a 2-Month High
After declining the previous day, 30-year refi rates moved close to their highest level since August Thursday. Rates were ...
Fed Cut Interest Rates, So Why Do Mortgage Rates Keep Climbing?
Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...
Why China's Birth Rate Plans Aren't Working
Beijing is neglecting the "short boards" of its demographic barrel and following in the failed footsteps of Japan, one ...
30-Year Refinance Rates Ease Slightly Lower
Mortgage refi rates inched a bit lower Tuesday, coming down from their most expensive level in nearly three months. Rates ...
Federal Reserve cuts interest rates, days after election of Trump
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday, setting the latest path for borrowing ...
Oklahomans could see even more utility rate hikes due to 2021 winter storm
At one point during the February 2021 winter storm, natural gas prices in Oklahoma’s trading hub exceeded more than $1,200 ...