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Newsfeed: Americans Suffer Pay Cut as Inflation Outpaces Wage Growth

Newsfeed: Americans Suffer Pay Cut as Inflation Outpaces Wage Growth

Despite the Fed’s most aggressive interest rate hike since 2000, consumer prices continued to surge in May, adding to fears that inflation may be out of control. According to the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) increased 8.6 percent over the last 12 months before seasonal adjustment, the highest reading since December 1981.

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Newsfeed: “Major Turning Point” – US Housing Inventory Rises For First Time Since 2019

Newsfeed: “Major Turning Point” – US Housing Inventory Rises For First Time Since 2019

Mortgage costs are the most expensive in years as the Federal Reserve embarks on aggressive quantitative tightening, implying that the souring macroeconomic climate may not support extraordinary home price growth for much longer as the national inventory of homes increases for the first time in years, according to Realtor.com data.

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