The Federal Reserve’s preferred inflation gauge fell to 2.56 percent in May, getting closer to the Fed’s 2 percent target for the 2nd month in a row. Core inflation reading is lowest since March 2021.
Source: Inman News
Prospects for lower mortgage rates grow as inflation continues to ease
Published in Agent, consumer price index, cpi, economy, federal reserve, inflation, Markets & Economy, Michelle Bowman, Mortgage, mortgage rates, PCE, personal consumption expenditures, PPI and Select
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