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Policymakers now forecast headline PCE inflation to reach 2.5% next year, up from the September projection of 2.1%, and 2.1% in 2026, compared to the previous 2% estimate.
Lighter Side. Medicare. News
Then, on Thursday, the "core" Producer Price Index (PPI) revealed prices increased by 3.1% in October, up from 2.8% the month prior and above economist expectations for a 3% increase.
Mortgage and refinance rates for Dec. 12, 2024: Rates retreat despite stubborn inflation, with 30-year fixed terms at 6.73% Yahia Barakah December 12, 2024 at 7:58 AM
The current average interest rate for a 30-year fixed mortgage is 6.30% for purchase and 6.32% for refinance — down 14 basis points from 6.44% for purchase and 12 basis points from 6.44% for ...
“The price of electricity went up during the inflation years and hasn’t come down that much.” Housing takes up to 50% of budgets. The shelter index increased 0.4% in July, up 5.1% year over ...
Core inflation has fallen to 3.9% from 5.6% at the beginning of last year. The Fed last raised rates in July, to a 22-year high. Read more: What the Fed rate-hike pause means for bank accounts ...
Inflation does not yet take into account the 54% jump to the energy price cap that came into effect on April 1. As inflation soars to another 30-year high, what can we expect next? Skip to main ...