The US housing market is undergoing significant transformations, with implications for the broader economy. A decline in foreign buyer activity, coupled with persistent inventory shortages and price fluctuations, is shaping the market’s trajectory. This article delves into recent data to explore these trends and their potential impact on the US …
Read More »Before FOMC’s Meeting, Experts Still React To CPI Data
The Bureau of Labor Statistics this week reported that the Consumer Price Index, the most widely used measure of inflation, rose 0.8% in February, up 7.9% over the last twelve months. Just after the BLS’s data, the Brookings Institution gathered a host of experts to explain what the latest CPI …
Read More »Rising rents fuel inflation, adding to Fed’s trouble
Economic policymakers have said inflation will prove temporary, but rising rents keep challenging that view and pressuring Washington to react.Work stoppages, supply shortages, and labor constraints due to the pandemic have kept developers from ramping up home building to meet the existing demand level.The Federal Reserve targets 2 percent annual …
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