U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday.
While New York, California, and Boston, Massachusetts, continue to be the most expensive rental markets in the country, some unexpected locales have actually experienced the largest increases in one-bedroom rental prices year over year.
The U.S. Supreme Court announced it would hear one of two cases on Oct. 31 that could dismantle the 40-year precedent of race-based affirmative action in university admissions, with universities now urging the court to preserve the decision despite some expert opinion to the contrary.