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Will higher inflation and mortgage rates create a recession?

The Consumer Price Index (CPI) came in with inflation higher than expected today, particularly in the month-to-month data, which caused the 10-year yield to spike sharply within seconds after the report. This is what I discussed on today’s episode of the HousingWire Daily podcast — that there are risks associated with the CPI reports released…

Rising inflation deals blow to potential interest rate cuts

The housing market is starved for relief on mortgage rates, but hope for the Federal Reserve cutting interest rates just took a huge blow. The reading of the consumer price index (CPI) from the Bureau of Labor Statistics came in unexpectedly high, showing a 3% rise for the 12-month period ending in January and 0.5%…