Consumer Price Index (April 2024)

There was welcome news as consumer inflation was cooler than expected in April, with rising shelter, gas and motor vehicle insurance costs remaining key contributors to pricing pressure. After several months of hotter than expected inflation readings, how will this friendly number impact the Fed’s timing for potential rate cuts this year? #cpi #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow