inflation

Inflation Numbers Rise Slightly in October; Rate Hike Up in the Air

Inflation rose slightly in October as the Federal Reserve tries to decide how much it should lower interest rates, the Commerce Department reported November 27. The PCE price index increased 0.2% in October. Excluding food and energy (so-called “core inflation”), the PCE price index increased 0.3%. The price of goods increased less than 0.1% and… […]

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Consumer Sentiment Turns Positive as Inflation Slows

With a recent interest rate decrease from the Fed and slowing inflation, consumers’ economic hopes saw a significant increase in September. Consumer sentiment rose 3.2% in September, from 67.9 in August to 70.1, according to the University of Michigan’s latest report. This is the second consecutive month of increase, following August’s rise of 1.5 points,… […]

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Consumer Confidence Up Slightly in August Due to Economy and Inflation

The Conference Board Consumer Confidence Index, which measures American opinions of current economic conditions and their outlook for the next six months, rose in August to 103.3, from an upwardly revised 101.9 in July, while the Present Situation Index—based on consumers’ assessment of current business and labor market conditions—improved to 134.4 from 133.1.  The Expectations… […]

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Fed Chair Powell Affirms Rate Cuts Are Coming This Year as U.S. Moves Closer to 2% Inflation Goal

Federal Reserve Chair Jerome Powell on Wednesday signaled that rate cuts are coming this year, sticking to the Fed’s cautious script about slashing rates too quickly before it has a sustained handle on inflation. “In our pursuit of our dual mandate, the Federal Reserve remains steadfast in promoting maximum employment and stable prices for the… […]

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Instant Reaction: Inflation, April 12, 2023

The 5% consumer price inflation in March is a steady improvement from 9% last summer, 8% in autumn, 7% during Christmas, and 6% in the early months of 2023. www.nar.realtor – Research

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U.S. Inflation Continues to Drop in January, but Pace Slows

The road to reeling in inflation will take a lot of work, and new reports from the U.S. Bureau of Labor Statistics (BLS) offer a glimpse as to why. While the consumer price index (CPI) shows a persisting downward trend in inflation, it also indicates that the pace of easing is cooling.  The latest CPI… […]

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Elevated Inflation Starts To Hit Consumers’ Pockets; However, Retail Sales Are Higher Than Pre-pandemic

Amid unyielding inflation and rising borrowing costs, consumers are starting to cut spending, mostly on big-ticket items. www.nar.realtor – Research

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Inflation (Finally) Dips, Housing Still a Concern

It’s still not good, but “better” is great news right now. That appears to be the consensus from economists after the latest inflation data from the Bureau of Labor Statistics (BLS) showed prices are finally starting to come down, with the Consumer Price Index (CPI) reading 8.5%—lower than expected, and a significant improvement over last… […]

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Instant Reaction: CPI Inflation, July 13, 2022

Consumer price inflation is the highest in over 40-years and showed no sign of slowing down in June. It rose by 9.1% and is accelerating. www.nar.realtor – Research

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Instant Reaction: CPI Inflation, June 10, 2022

Rising rents and home prices (not part of CPI Inflation) have caught up with multiple years of housing underproduction of single-family homes and apartments. www.nar.realtor – Research

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