inflation
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
Cleveland Fed: Key Measures Show Inflation Increased in May
The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% May. The 16% trimmed-mean Consumer Price Index rose 0.4% in May. “The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal […]
Highest Inflation in Decades, But Housing Has a Bigger Problem
Posted To: Mortgage Rate Watch Inflation is bad for interest rates and it’s at the highest levels in decades. But the housing market has a far bigger problem. Actually, it’s not hard for a problem to become bigger than rates right now considering we’re still at levels that would have been record lows at any […]
Non-Government Loans See Jump in Forbearances; Huge Inflation, But Here’s Housing’s Bigger Problem
The forbearance numbers increased again over the past week although Black Knight, in its weekly report, said these mid- to late-month upticks are becoming common . The number of mortgages in active plans rose by 16,000 or 0.73 percent. The number of Fannie Mae and Freddie Mac loans in forbearance declined by 1,000 but that […]
Rates Remain Resilient After Inflation Scare
The 70’s and 80’s brought unforgettable economic lessons about inflation. Since then, certain market participants have been watching inflation like hawks , even when they didn’t need to. After the start of the pandemic, the massive amount of fiscal stimulus (covid relief bill) and monetary accommodation from the Fed (bond buying and rate cuts) had […]
Economist calls for calm on inflation talk: ‘Everything ultimately will settle down’
The concentration of price pressures in a handful of categories means markets shouldn’t yet be worrying about inflation after Wednesday’s U.S. surprise, economists have told CNBC….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Lagarde sees strong rebound for EU economy in second half, expects U.S. to meet inflation goal soon
Despite a difficult struggle against the Covid-19 pandemic, the EU will hit its economic stride later this year, Lagarde told CNBC on Friday….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web
Fed’s Evans says he doesn’t fear 2.5% inflation, or even above
(Reuters) – The Federal Reserve will keep interest rates at zero until the economy reaches full employment, inflation is “sustainably” at 2% and the Fed is confident it will overshoot that goal, Chicago Federal Reserve President Charles Evans said Wednesday….(read more) Forward this article via email: Send a copy of this story to someone you know […]