Category: Interest Rates

• June 15, 2022
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• realestatelife

May retail sales unexpectedly decline as consumers confront sizzling hot inflation.  Economists expected retail sales to rise modestly in May, despite sky-high inflation. Retail Sales -0.3 vs 0.2 Ex Autos 0.5 vs 0.8 Import Prices MOM 0.6 vs 1.1 Empire MFG -1.2 vs 3

• June 14, 2022
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• realestatelife

The Labor Department said Tuesday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, climbed 10.8% in May from the previous year. On a monthly basis, prices grew by 0.8%.

• July 29, 2022
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• realestatelife

The Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of

• July 28, 2022
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• realestatelife

The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an