Has inflation peaked? Economists believe the answer lies in core inflation, excluding energy and food prices. Sergei Klebnikov of Forbes covers their outlook. Fears of recession may be unfounded. But there are ways to see if one is on the horizon, as Felix Salmon of Axios explains. It may be time to lock in a mortgage interest rate.  Lindsay Dunsmuir of Reuters writes about the Fed’s efforts to control inflation and how they’re affecting homebuyers.

Experts Believe Inflation May Have ‘Peaked,’ But Prices Will Remain Elevated This Year — Despite consumer prices hitting a new four-decade high last month, the latest data show several signs that prices may be moderating slightly, with economists now predicting that inflation may have peaked—though they warn prices will likely remain elevated into next year. Read more…

We’re Not In A Recession — Recession fears are denting consumer confidence, and could play a major role in the results of this year’s midterm elections. But we’re not in a recession, and economic downturns are notoriously difficult to forecast. Felix Salmon tells investors how to read a recession’s warning signs. Read more…

U.S. Mortgage Rates Top 5%, Buyers Look To Lock In Rates — Fed policymakers now anticipate a series of swift interest rate hikes as they seek to bring down inflation, after they raised the benchmark overnight lending rate last month for the first time in three years. As Reuters reports, homebuyers can expect rising rates at least until the end of this year. Read more…

 

John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller

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