Daily Market Updates: Core Inflation Tops Forecasts, Making an October Fed Rate Hike a Close Call

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Core Inflation Tops Forecasts, Making an October Fed Rate Hike a Close Call

Reported · Written up by our desk · Residential

Takeaway: A higher-than-expected inflation report puts the odds of a rate hike in two weeks at 50/50. Rates will give back some of last week’s improvements. Both overall and core inflation–which excludes food and energy prices–jumped in September more than expected. Overall inflation for September came in at 0.65% monthly (vs. 0.58% expected and 0.40% […] The post Core Inflation Tops Forecasts, Making an October Fed Rate Hike a Close Call appeared first on Redfin Real Estate News .

← Newer storyHome Sellers Now Outnumber Buyers By 63%, the Biggest Gap Since the P…Older story →Gas Prices Are Up 34% From a Year Ago, Adding to Inflation Pressures

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Redfin NewsCore Inflation Tops Forecasts, Making an October Fed Rate Hike a Close Call

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Core Inflation Tops Forecasts, Making an October Fed Rate Hike a Close Call

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