Fed in Wait-and-See Mode on Hot Inflation Report; Mortgage Rates to Track Oil Prices, Mideast Talks

Takeaway: A slightly hotter than expected CPI report will keep the Fed on hold and may push officials slightly closer to considering hikes. Mortgage rates will continue to be driven mostly by oil prices and developments in Middle East peace talks in the near term. Headline inflation remained elevated in April because of the continued […] The post Fed in Wait-and-See Mode on Hot Inflation Report; Mortgage Rates to Track Oil Prices, Mideast Talks appeared first on Redfin Real Estate News .