The Fed’s favorite measure of inflation, Core PCE, saw a slight increase of 0.1% from April to May and fell to 2.6% on an annual basis. Inflation cooled in May to the slowest annual pace in three years. #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
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The Fed’s favorite measure of inflation, Core PCE, saw a slight increase of 0.1% from April to May and fell to 2.6% on an annual basis. Inflation cooled in May to the slowest annual pace in three years. #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow #JohnGreerIsLending
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Sr. Mortgage Consultant | Fulfilling Dreams of Home-Ownership & Affordability | Mortgage Mentor and Guide | Summit Mortgage Corporation, NMLS #212019
The Fed’s favorite measure of inflation, Core PCE, saw a slight increase of 0.1% from April to May and fell to 2.6% on an annual basis. Inflation cooled in May to the slowest annual pace in three years. #pce #inflation #economy #summitmortgage
Personal Consumption Expenditures (May 2024)
mbshighway.com
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Sr. Mortgage Consultant | Fulfilling Dreams of Home-Ownership & Affordability | Mortgage Mentor and Guide | Summit Mortgage Corporation, NMLS #212019
The Fed’s favorite measure of inflation, Core PCE, rose 0.2% from May to June. The annual reading held steady at 2.6%, remaining at the lowest YoY pace in three years and keeping September's expected rate cut from the Fed in play. #pce #economy #summitmortgage
Personal Consumption Expenditures (June 2024)
mbshighway.com
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Sr. Mortgage Consultant | Fulfilling Dreams of Home-Ownership & Affordability | Mortgage Mentor and Guide | Summit Mortgage Corporation, NMLS #212019
Core PCE, which is the Fed’s favorite measure of inflation, rose 0.2% from June to July. The annual reading held steady at 2.6%, which is the slowest YoY pace in three years and keeps the Fed on track for an expected rate cut at their meeting on September 18. #pce #inflation #Summitmortgage #economy
Personal Consumption Expenditures (July 2024)
mbshighway.com
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Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
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Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
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Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
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Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
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Branch Manager | NMLS #5953 | 208-724-0963 | Licensed ID, OR, WA, MT, AZ | AZ BK 0906702 | Equal Housing Opportunity | American Pacific Mortgage NMLS 1850
The Fed's favored inflation measure, Core PCE, rose 0.2% from March to April, coming in below estimates. On an annual basis, Core PCE remained at 2.8% for the 12 months ending in April. While this is well below 2022’s 5.6% peak, progress toward the Fed’s 2% inflation target remains stalled. #americanpacificmortgage #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
Personal Consumption Expenditures (April 2024)
mbshighway.com
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Inflation continues to inch closer to the Fed’s 2% target as its favored measure, annual Core PCE, fell to 2.8% for the 12 months ending in February. While this was below 2022’s 5.6% peak and the lowest level since March 2021, progress lower has been slowing. How will this impact the Fed’s timing for cutting rates this year? #pce #inflation #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow
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