Annual inflation dropped to 2.4% last month as housing costs continued decelerating, an upbeat sign for prospective homebuyers. The September inflation figure from the consumer price index released on Thursday was down from 2.5% the prior month, giving Federal Reserve policymakers a positive signal for further rate cuts. For homebuyers, the lower inflation figure should […]

Inflation continues to make progress as the headline Consumer Price Index eased to 2.5% YoY in August from 2.9% in July, reaching its lowest level since February 2021. Core CPI (which removes food and energy prices) held steady at 3.2% YoY due in large part to shelter costs. These crucial readings keep the Fed on […]

By Fergal McAlinden The Federal Reserve’s decision to leave interest rates unchanged yet again last week came as no surprise – but more significantly, the central bank signaled that just one rate cut is likely on the way in 2024, a dramatic dialing-back from expectations earlier in the year. In March, multiple rate cuts were anticipated […]