The FOMC increased the federal funds rate to 1.50% from 1.25%, no surprise with everyone expecting it.
The focus today in markets is the FOMC meeting that will conclude at 2:00 pm; It is widely expected there will be a 0.25% increase in the Federal Funds rate.
Inflation: As usual, the big spike in the Purchase Price Index did not flow through to the consumer side. Headline CPI YOY increased by 2.2% vs the 3.1% YOY gain in PPI.
The 1,186 square foot home has three bedrooms and two bathrooms.