Housing costs drove the consumer price index up, dashing expectations for a small decline to begin 2024.
New houses are seen for sale at Woodland Village, June 28, 2023, in Cold Springs, Nev. “We expect the Federal Reserve to cut interest rates two or three times in 2024, which is much less than the six rate cuts that the market expects,” said Skyler Weinand, chief investment officer at Regan Capital.
The great news about inflation took a detour in January, as consumer prices came in hotter than expected in a development likely to quell any hopes for a cut in interest rates before late spring.
No comments:
Post a Comment