Despite the CPI coming in unexpectedly low, the Federal Reserve needs more convincing that inflation is really getting better.

The Fed’s rate hikes were meant to slow the economy and dampen inflation by raising borrowing costs. There’s evidence that’s happening.

Decades ago, the Fed was battling double-digit inflation, and Chair Paul Volcker took aggressive action that drove interest rates way up.

The latest jobs report is unlikely to change the Fed’s mind when they meet Tuesday and Wednesday.

Inflation has eased in Europe as prices fall for electricity and other items that were affected by supply shortages from the Ukraine war.

Mortgage rates have popped back up above 7%, sales have fallen and builder sentiment is down. 5% would get things moving, per one economist.

The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.

With interest rate cuts uncertain, businesses owners are keeping their shelves a little leaner. But that’s not necessarily a bad sign.

The greenback is so strong that Japan and South Korea have complained.

Higher interest rates and insurance costs make building low-income and supportive housing more costly —  especially in California, home to 28% of the U.S. homeless population.