Why it matters
Persistent price increases affect household budgets, while higher interest rates can raise borrowing costs for homebuyers, businesses and consumers. The report also moved markets and revived expectations of a Fed rate increase.
What happens next
The Fed will weigh the inflation data ahead of its December meeting; the articles do not report a decision to raise rates. Mortgage rates and market expectations may continue to respond to incoming economic data and Fed officials’ comments.
The Fed’s decision and guidance at its December meeting.
Upcoming inflation data and Fed officials’ comments.
Whether mortgage rates continue to rise.