Biden Lauds CPI’s June Inflation Data; Lower Rates May Be on the Way

Mortgage rates may finally start to begin a steady lower trajectory nationally following encouraging news on inflation. The Consumer Price Index (CPI), an inflation gauge measuring goods and services costs across the U.S. economy, declined 0.1% in June on a seasonally adjusted basis, after being unchanged in May, the U.S. Bureau of Labor Statistics reported…

The post Biden Lauds CPI’s June Inflation Data; Lower Rates May Be on the Way appeared first on RISMedia.

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