US Inflation Spikes to Its Highest Level in More Than a Decade
The inflation bogeyman has arrived – but does that mean higher mortgage rates? Last week we learned that the US Consumer Price Index (CPI) spiked to 4.2% in April, coming in well above the consensus forecast of 3.6% and marking its highest reading since September 2008. US core inflation, which strips out the more volatile CPI inputs like food and…
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