Inflation Cools For First Time in Three Months
Department of Labor's April Consumer Price Index increased in line with expectations
Department of Labor's April Consumer Price Index increased in line with expectations
Nearly one-third of consumers said it is difficult or very difficult for them to pay their recurring debts on time.
The consumer confidence index fell to 97 in April from March’s 103.1 reading.
The slowdown comes at the same time that the Federal Reserve's efforts to combat inflation have stalled.
Fannie Mae forecasts fewer Federal Reserve rate cuts this year.
Redfin says buyers’ costs will likely stay high due to inflation news.
Core CPI rises by 0.3%, signaling ongoing inflationary pressures with energy and shelter costs driving the uptick.
Further cooling inflation a good sign for mortgage rates, analysts say.