Existing home sales rose 1.5% from August to September, reaching a seasonally adjusted annual rate of 3.99 million homes. However, sales were 2.2% below year-ago levels.

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Inflation picked up in September, with headline CPI rising 0.6% MoM, largely driven by higher gas and energy costs. The annual rate climbed to 3.7%, while core inflation, which excludes food and energy, rose to 2.6%.

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New home sales rose 6.4% MoM in August to an annualized pace of 684,000—above expectations and the highest pace of the year. July’s sales were also revised higher.

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𝗣𝗹𝗲𝗮𝘀𝗲 𝗰𝗹𝗶𝗰𝗸 𝘁𝗵𝗲 𝗹𝗶𝗸𝗲 𝗯𝘂𝘁𝘁𝗼𝗻!