Armed with consumer and wholesale inflation reports, Wall Street economists predict the Federal Reserve’s favorite price gauge will show just a mild increase in November and justify an interest-rate cut.

The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.

Mortgage rates could still fall if economic data weakens and the Fed continues cutting interest rates. But that's a big "if." Lately, progress has stalled on getting inflation dow