Big economic update that matters for anyone watching rates: July inflation came in cooler than expected. CPI rose just 0.1%, core inflation slowed to 2.5%, and wholesale inflation was flat.
Over the last three months, inflation is running at 1.6%, below the Fed’s 2% target.
Why it matters: Cooler inflation reduces pressure on the Fed to raise rates. And while the Fed doesn’t set mortgage rates directly, its decisions influence borrowing costs across the economy.
With inflation easing and the labor market showing signs of slowing, the backdrop for future rate stability is improving — good news for buyers, sellers, and investors.
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