Page 64 - 05 3 News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from 05 3. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In 05 3 Today - Breaking & Trending Today
The dough is up 92 points. it s not spectacular, but it s also not dropping. the sense is that inflation is still a clear and present danger, but that it continues to show signs of slowing down. that might be one of the reasons you are seeing markets hold onto gains. that headline month-to-month gain of .1 is the lowest since going back to march of 2021. that s the good news. there is, of course, still bad news. that comes from that so-called core inflation rate, which strips out the effects of food and energy prices. it s arguably where the fed is more focused. that core rose .4% which means a year over year gain of 5.3%. all of those measures were ....
It was in april. now we have seen prices drop at the gas pump, for example. also domestic airlines ticket prices are dropping. but core inflation, you strip out food and energy, still running a 5.3%, and rent is really soaring. it is up 8.7% year-over-year. so will the fed keep hiking interest rates to tame inflation? it s already raised rates a total of 10 times since march of 2022, leading to higher borrowing costs, credit cards and mortgages. the fed is not expected to raise rates when it meets tomorrow. however, a july rate hike right now is certainly not off the table at all. lester? all right, tom, thanks. in 60 seconds, the severe storm threat tonight. plus, the skyrocketing cost of home insurance in florida, and the impact it s having in the susunshine statate s real estatate market.. ....