Inflation Eases: Housing Costs Rise at Slowest Rate in Years, Data Shows – Yahoo Finance
Phoenix, AZ – As economic data shows signs of improvement, the Federal Reserve remains cautious on making any cuts to interest rates. While there are indications of cooling in the economy, it goes beyond just the Consumer Price Index (CPI). In April, the CPI provided some relief, but Bank of America still predicts the first rate cut by the Fed will occur in December. Grocery prices in the United States are finally starting to drop …