The headline CPI reading was in line with a consensus forecast among economists polled by Reuters, and follows the cooler-than-expected 7.9% figure of June. Core inflation — which excludes volatile energy, food, alcohol and tobacco […]
LONDON — UK inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, following May’s […]
The U.S. housing market is defying expectations of a crash this year as limited inventory and high demand keep prices high. That is according to Fannie Mae economists, who predicted in a revised forecast that home […]
Having witnessed immense volatility in the last few days, the global markets portray the much-needed inaction while depicting the traders’ cautious mood ahead of the next week’s Federal Open Market Committee (FOMC) monetary policy meeting. Even so, the recently […]
Pending home sales crushed expectations in January, when mortgage rates dropped from recent highs of more than 7% and home buyers jumped at the opportunity. According to data released Monday from the National Association of […]
New York Fed one-year consumer inflation expectations remain unchanged at 5.0%, while the three-year-ahead gauge eases to 2.7% from 2.9%. For its part, the five-year outlook ticks up modestly to 2.5% from 2.4% Today’s benign survey’s data […]
New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% […]
After a year characterized by one of the fastest housing market shifts on record — due in large part to the Federal Reserve’s rapid interest rate increases — agents, brokers and executives are understandably weary about what […]
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