About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Inflation Moderation Offers Positive Signal For The Fed
January 20, 2025
The December Consumer Price Index (CPI) report showed a continued moderation in inflation, offering a positive signal for the Federal Reserve’s efforts to control inflation. Even though the shelter component rose 4.6% year-over-year, it was the smallest increase since January 2022, and remained steady at a 0.3% month-over-month rise for the second consecutive month. Rent and owners’ equivalent rent saw slight monthly increases, while lodging away from home prices dropped by 1%.
Analysts see this slowdown in housing inflation as aligning with Federal Reserve Chair Jerome Powell’s expectations, suggesting the lagged effects of earlier rent increases are fading. This could give the Fed confidence to continue interest rate cuts later in the year, even if a pause occurs in the short term. Headline consumer prices rose 0.4% month-over-month in December, while core inflation, excluding food and energy prices, decelerated.
Easing inflation, especially the shelter component which makes up over 40% of the Core CPI number, may eventually help to lower mortgage rates, which remain stubbornly high despite Federal Reserve rate cuts. Progress in reducing inflation is critical for bringing it closer to the Fed’s 2% target, currently at 3.2%, and influencing trends in the for-sale housing market.
Source : https://bit.ly/4akfyHz
