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U.S. CPI rose 0.6% in September and 3.7% year over year, up from 3.4% in August. Gasoline prices jumped 9.1% for the month and accounted for more than half of the monthly increase; White House economic adviser Kevin Hassett called the energy-price surge temporary.
The bond market ‘meltdown’ is accelerating, pushing mortgage rates to their highest level since 2023, with investor Ross Gerber warning that the U.S. “can’t afford” sustained 5% Treasury yields without risking a debt spiral. Rates Have Jumped 150 Basis Points In Six Months The average interest rate on a 30-year mortgag