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US Economy · United StatesThe Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in September, ahead of the central bank's policy meeting next week. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% in September from a month ago and is up 2.8% from last year. Those figures were in line with the estimate of LSEG economists. See the Story
Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected
68% Center coverage: 66 sources
Freddie Mac · United StatesThe average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.6%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. The rate averaged 5.54%, up …See the Story
Average US Long-Term Mortgage Rate Ticks up to 6.22%, but Remains Close to Its Low for the Year
57% Center coverage: 23 sources
US Politics · United StatesThe Government Accountability Office, an independent and non-partisan investigative watchdog for Congress, says it has opened an investigation into Federal Housing Finance Agency director Bill Pulte.
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Government accountability office opens investigation into FHFA chief Bill Pulte
53% Center coverage: 23 sources
