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Mortgage Expert & Second Opinion Specialist - Get Real Mortgage Advice, Not A Sales Pitch

Inflation was hotter than expected in January, with rising shelter costs a key contributor to the increase. Yet, annual inflation has come down quite a bit after peaking in 2022. Headline CPI is now at 3.1% (down from 9.1%). Core CPI, which removes food and energy prices, is at 3.9% (down from 6.6%). How will the Fed see this progress as it ponders monetary policy and rate cuts this year?

Consumer Price Index (January 2024)

Consumer Price Index (January 2024)

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