The rate cut could gradually reduce costs for mortgages, credit cards, auto loans, and business borrowing, offering some relief to consumers and companies.

Inflation ticked up again in September. Price gains were led by increases in the cost of gasoline. See what other costs went up and down.

Inflation remained elevated in September as the BLS released the delayed consumer price index inflation report, as Fed policymakers are set to weigh interest rate cuts next week.

The current average mortgage rate on a 30-year fixed mortgage is 6.15%, compared to 6.15% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.

Inflation affects where mortgage rates go next. Here’s what the newest data suggests for 2025—and what homebuyers should know before making their next move.

U.S. consumer prices rose 3% in the year ending September, the highest inflation rate since January, as tariff impacts remain unclear.

Annual inflation in the Eurozone, which climbed to 2.2 per cent in September, is expected to have fallen slightly to 2.1 per cent this month, according to analysts polled by LSEG. A flash inflation estimate for October will be released by Eurostat on Friday.

I bond interest rates adjust every six months, and the inflation reading released Friday allows us to calculate what your next rate will be on existing bonds.

By Stella Qiu SYDNEY (Reuters) -Australian consumer prices jumped by the most in 2-1/2 years in the September quarter as electricity and travel costs climbed, while a shockingly large increase in the core inflation reading seemed to rule out any imminent rate cuts.