Inflation seemed to be making good progress at the end of 2025 and start of 2026, with the Federal Reserve actually starting to cut interest rates. The start of the conflict in the Middle East in February, however, threw a wrench in that progress, as inflation turned course and began to elevate once again. Now,…
Inflation picked up speed in October, as the latest Consumer Price Index (CPI) from the Bureau of Labor Statistics (BLS) accelerated faster than predictions from economists. The October CPI saw the all-items index grow 0.4%, a slight decrease from last month’s 0.6% rise, but “hotter than expected,” according to Navy Federal Chief Economist Heather Long.…
Despite the Federal Reserve’s decision not to raise rates yesterday, the latest data from the Bureau of Economic Analysis (BEA) still showed a 0.5% month-to-month increase in inflation as measured by the Personal Consumption Expenditures (PCE) price index, 0.2% higher than the increase in August. The PCE index has enjoyed a reputation as the Fed’s…
The newest results from the Federal Reserve Open Market Committee (FOMC), the rate-setting body that meets roughly eight times per year, varied greatly from the previous one in mid-September, which came with a unanimous vote to hike interest rates, after many economists predicted that outcome. This time there was no rate hike. The Fed left…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates continue to reach new highs each week, quickly climbing in the 7% range and hitting a “nearly three year high,” as noted by Mortgage Bankers Association (MBA) President and CEO Bob…
The mid-September Federal Reserve Open Market Committee (FOMC) meeting came with a unanimous vote to hike interest rates, after many economists predicted that outcome. Minutes from the meeting released today, however, reveal some of the thinking behind that decision. The minutes offer a closer look at the reasoning behind the Fed’s rate hike. Based on…
Unemployment continues to remain steady around the 4% range, according to the Bureau of Labor Statistics (BLS). The latest Employment Situation Summary from the BLS reports that the unemployment rate grew slightly—but not dramatically—to 4.2%, with the addition of 29,000 jobs. Previously, the unemployment rate sat at 4.1% for August. Categories like construction and manufacturing…
The Bureau of Economic Analysis (BEA) reported that inflation grew at a faster rate throughout August, possibly contributing toward the Federal Reserve’s decision to raise rates in mid-September. The Personal Consumption Expenditures (PCE) price index increased 0.3% on a monthly basis, a slight increase from July’s index increase of 0.2%. On a yearly basis, inflation…
Editor’s Note: The Mortgage Mix is RISMedia’s highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. The numbers: Mortgage rates peaked to a new high this week, climbing back up to the 7% range for the first time in 2026 and hitting their “highest level since May 2024,” as noted by…
After their long-awaited meeting, the Federal Open Market Committee (FOMC) unanimously voted to raise federal funds rates by a quarter of a percentage point, moving the target range for interest rates 25 basis points, from 3.5%-3.75%, to 3.75%-4%. During a press conference following the meeting, Fed Chairman Kevin Warsh cited the data from this past…
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