CPI Came In Hot-ish: 2.7%

The Consumer Price Index (CPI) rose 0.3%, bringing the annual rate to 2.7%, exactly what we expected, but still a bit too spicy for the Fed, whose goal remains a cool, calm 2.0%.

So what’s cooking up that extra heat?

Energy.
When energy prices rise, everything feels it—from making stuff to moving stuff.
If it runs on fuel, it’s probably helping drive inflation right now.

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In Housing News…

Buyers are pausing. Sellers are dropping prices.
It’s like a big staring contest—everyone waiting for either rates to drop or the next market move.

Anecdotally?
There’s a whole crowd of buyers and sellers sitting on the sidelines, just waiting for something—anything—to give.

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