The latest inflation data for October suggests that progress in taming inflation has slowed slightly, but investors remain optimistic about a potential Federal Reserve rate cut in December.

The annual growth rate for the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, rose to 2.3% from 2.1% in September. Despite this uptick, bond markets and investor sentiment stayed steady, with futures markets now showing a 66% likelihood of a rate cut next month.

Economists note that underlying inflation pressures appear to be easing in most sectors, signaling confidence in continued economic stability.

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In Mesa County

There are currently 611 active homes on the market in Mesa County. This is a 1% increase compared to a week ago.

The average sold price YTD is $455,315 and the median sold price YTD is $400,000.

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