Inflation slowed more rapidly than expected in November, increasing the likelihood of the Federal Reserve slowing down the pace of interest rate hikes. It is very good news for the housing market, which has suffered greatly from the affects of rate hikes over the last nine months.

The Consumer Price Index rose 0.1% in November from October and 7.1% year over year, according to the Bureau of Labor Statistics. The CPI rose by 7.7% from 12 months ago in October and economists expected price growth details ⇒

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