【Zillow】Mortgage Rates Fell This Week As Wage Inflation Moderates More Than Expected

The Federal Reserve decided to hold the bank’s key interest rate steady this week. Although core inflation has inched closer to the Fed’s two-percent target and the labor market has softened, economic activity remains strong. The Fed chair acknowledged that monetary policy is now in restrictive territory. However, acting too soon to move policy to a less restrictive stance could undo progress on the inflation front.

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