Consumer Prices Rose. Expect Mortgage Rates to Follow.
House hunters hoping for lower mortgage rates ahead of the typically busy spring buying season will be disappointed: A ...
Energy Costs Are Up, But They Weren’t January’s Biggest Inflation Driver
Consumers got a bit of relief on their energy costs in January, after a sharp increase at the end of last year. Energy costs ...
Higher Grocery Costs Drive Up Overall Food Prices
U.S. shoppers still can’t get a break at the grocery store. Overall food prices rose 0.4% last month, an acceleration from ...
Core Inflation Accelerates to 3.3%
The so-called core inflation measure, which excludes the more volatile food and energy costs, also picked up in January. Core ...
Housing Costs Shift Higher, Again
Housing, which has been one of the more persistent inflation factors, continues to be on a bumpy cooling path. The consumer ...
Inflation Picks Up More Than Expected in January, Hitting 3%
Inflation picked up more than expected in January, returning to a 3% rate for the first time in seven months. The continued ...
Auto Insurance, Used Vehicle Prices Rev Higher to Start 2025
The cost of owning a car isn’t getting any cheaper for Americans. The latest data revealed that used car prices and auto insurance were among the categories that showed an uptick in costs to kick off ...
Traders Push Rate-Cut Odds to Fourth Quarter
Markets are pushing back expectations for interest-rate cuts to the fourth quarter of the year after a hotter-than-expected inflation report. Odds of a December rate cut now stand at 40.7% versus 37% ...
Treasury Yields, Dollar Rise on Sticky U.S. Inflation
Treasury yields and the dollar rally as U.S. January inflation comes a little hotter than forecast following hawkish remarks by Fed Chair Powell yesterday. The 12-month CPI reading accelerates to 3%, ...