Inflation in August remained sticky as renewed tensions with Iran continued pushing up oil prices, keeping pressure on the Fed to consider a rate hike at its upcoming meeting, according to an analysis from the National Association of Home Builders. …
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Inflation Eases for Second Consecutive Month in July
Inflation eased for the second consecutive month after reaching a three-year high in May, according to an analysis from the National Association of Home Builders. As energy prices leveled, shelter remained the largest factor driving inflation, accounting for one-third of …
Read More »Inflation Slows in June Amid Lower Energy Prices
Inflation slowed to 3.5% in June, down from a three-year high in May, largely driven by a ceasefire agreement in mid-June that stabilized oil markets and lowered energy prices. The decline in energy prices offset increases in shelter and food, …
Read More »New Home Sales Drop in May
Elevated mortgage rates, rising inflation and economic uncertainty kept many buyers out of the market in May as consumers and builders continue to deal with challenging affordability conditions, according to an analysis from the NAHB. Sales of newly built single-family …
Read More »Fed Maintains Rates and Updates Economic Projections at June FOMC Meeting
With a new Fed Chair and plans for evolving operating strategies, the Federal Reserve maintained its target policy rate at the conclusion of the June Federal Open Market Committee (FOMC) meeting. The FOMC maintained the short-term federal funds rate at …
Read More »Inflation Up in May
Inflation rose in May to the highest rate in three months, according to the latest Consumer Price Index released by the Bureau of Labor Statistics. The all items index rose 4.2% for the 12 months ending May, after rising 3.8% …
Read More »Inflation Edges Up in April
Inflation in April increased to the highest level in nearly three years, according to the latest Consumer Price Index released by the U.S. Bureau of Labor Statistics. The increase was largely driven by higher energy prices caused by the war …
Read More »Inflation Eases in January
Inflation dropped in January to the lowest level in eight months, according to an analysis from the National Association of Home Builders’ Eye on Housing. The Consumer Price Index (CPI) components have resolved distortions from the government shutdown last October, …
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