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Yesterday — 13 November 2024Main stream

U.S. Inflation Ticks Up to 2.6% in October, as Fed Considers Rate Cut

14 November 2024 at 03:07
Inflation has cooled notably, but a pickup in annual price increases underscores that it is not fully back to normal.

© Philip Cheung for The New York Times

While the latest inflation data was in line with what forecasters had expected, that was in part because apparel prices dropped sharply, a likely one-off.
Before yesterdayMain stream

Mortgage Rates Fell, Then Rose. What Comes Next?

Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.

© Martina Tuaty for The New York Times

The rate on a 30-year mortgage has risen to 6.79 percent nationally, from about 6.1 percent a month ago.
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