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VIEW Cooling Jan. inflation keeps Fed easing in play
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An unusually busy week of economic data in the US sent conflicting signals for the Federal Reserve.
Will the decline in inflation help lower mortgage interest rates? Here's what borrowers need to consider right now.
The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
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CPI inflation data may lower Fed's guard; S&P 500 steadies (live coverage)
The core CPI inflation rate fell to its lowest level since early 2021.
Slowing gains in the cost of services are likely to bring a softer inflation print for last month, economists project. Yet it is too soon to expect that to change the Federal Reserve’s thinking on interest rates.
Inflation eased to 2.4% in January, the lowest in 8 months, raising speculation the Fed may revisit its steady interest rate stance in March.
January’s jobs data, released on Wednesday, bolstered expectations that the Federal Reserve will hold interest rates steady for longer than previously expected.