inflation
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… […]
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
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… […]
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
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… […]
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
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
Inflation Ascends to Record Heights Amid Russian Invasion of Ukraine
As Russian attacks on Ukraine persist, the ripple effects of global economic markets are being felt by millions, if not more. According to recent reports from the U.S. Bureau of Labor Statistics (BLS), the geopolitical situation has sent the nation’s already-elevated inflationary environment into a territory it hasn’t seen since the 1980s. The agency released […]
Inflation Is Back in a Big Way: What That Means for Borrowers and Mortgages
(TNS)—Inflation hit 6.8% in November, its loftiest level since the long-ago era of Reaganomics and America’s war on inflation. If prices continue to soar, mortgage rates will head higher, too. But there’s a silver lining to this cloud for borrowers as well. Today’s combination of low mortgage rates and high inflation is exceedingly rare. So […]
Q&A Corner with Lawrence Yun: Vacation Homes, Inflation, and Cash Sales
NAR Chief Economist Lawrence Yun shares his thoughts on what’s happening in vacation home sales, with rising inflation, and the high number of recent all-cash home sales in the latest data. www.nar.realtor – Vacation, Resort, and Second Homes