Inflation Just Hit 4.2 Percent and Nobody Sees the REAL Problem?

Inflation rose to 4.2% in May, the highest level in three years. While energy prices drove most of the increase, core inflation continues moving higher and inflation is now outpacing wage growth. Here's what it means for mortgage rates, the Federal Reserve, and the housing market. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate #Inflation #CPI #MortgageRates #HousingMarket