A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts.
Newsfeed: Key inflation gauge doesn’t fully capture cooling rent growth Read More »
If it seems like your energy bills have fell victim to price creep, you’re right. Data from the U.S. Bureau of Labor Statistics and the Energy Information Administration suggest that U.S. consumers have seen the largest increase in natural gas and electricity bills in decades.
Newsfeed: U.S. Energy Bills See Largest Rise In Decades—More Pain To Come Read More »
The chart, from Redfin, shows how higher mortgage rates and a pullback in buyer demand, has forced sellers to cut prices to entice bids
Federal Reserve policymakers suggested that they’re prepared to raise interest rates higher than previously planned, though not necessarily at a faster pace, to defeat persistent high inflation.
Newsfeed: Fed Officials Look at Higher Peak for Rates as Inflation Endures Read More »
While the market’s volatility this week has been focused on UK pension funds and budgets and systemic risk, this morning’s US CPI print will likely determine the next leg from here with expectations for an acceleration in core inflation and small slowdown in headline growth of consumer prices.
Newsfeed: US Core CPI Surges To 40 Year Highs; Food & Shelter Costs Soar Read More »
The federal government’s Bureau of Labor Statistics released new price inflation data today, and according to the report, September was yet another month of soaring inflation.
We said that yesterday’s subpar auction was a harbinger that today’s benchmark sale of 10Y paper (in the form of the 9-Year 10-Month reopening of Cusip FF3). We were right, because moments ago the Treasury sold $32BN in 10Y notes in another very poor auction.
Rising mortgage rates have sidelined many would-be homebuyers, but for institutional investors, it has become an opportunity as home builders try to unload properties.
Newsfeed: Institutional investors ‘buying in bulk’ as homebuying cools Read More »
In the earliest phases of the pandemic, many of the nation’s large cities saw sharp rent declines as a subset of renters with newly remote working arrangements moved away from expensive downtown areas that had temporarily lost their vibrancy, in search of more space in the surrounding suburbs.
Newsfeed: Rent Inflation Hits Outer-Ring Suburbs the Most, Core Cities the Least Read More »
It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News Daily, and is expected to hit around 7.125% on Tuesday. It’s been over 7% for several days.