Housing costs drove inflation up higher than expected to start off the year.
Inflation rose more than expected in January thanks to a jump in grocery and housing costs, underscoring the challenge of taming price pressures within the economy.
The report out from the U.S. Labor Department has dashed expectations for a small decline to begin 2024.
Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.
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