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Inflation Warning Could Matter More for Your Mortgage Than Your Grocery Bill

The latest CPI wards off fears of an imminent rate hike from the Fed but “inflation contagion fears” still loom, experts say.

  • Inflation data shows 0.1% July increase, easing rate hike concerns
  • Mortgage rates rise above pre-war levels, worsening affordability crisis
  • Food price increase modest, but mortgage rate hikes impact housing costs more

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