August

US home prices continued to lose momentum in August  CNN Business

US home prices continued to lose momentum in August CNN Business

US home prices continued to gain ground in August, but the pace of growth slowed considerably as rising mortgage rates pushed more prospective buyers out of the market. Home prices rose 13% in August from the year before, a smaller jump than the 15.6% growth seen in July and 18.1% pace in June, according to …

US home prices continued to lose momentum in August CNN Business Read More »

Home sales dropped 20% in August from a year ago  CNN Business

Home sales dropped 20% in August from a year ago CNN Business

Home sales declined for the seventh month in a row in August as higher mortgage rates and stubbornly high prices pushed prospective buyers out of the market. Sales of existing homes – which include single-family homes, townhomes, condominiums and co-ops – were down 19.9% ​​from a year ago and down 0.4% from July, according to …

Home sales dropped 20% in August from a year ago CNN Business Read More »

The US is in a housing recession.  Here's what that means

Existing home sales drop in August to the lowest level since 2020

Wall Street Journal Chief Economic Correspondent Nick Timiraos discussed strategy surrounding the Fed’s speculated decision to combat inflation by potentially hiking interest rates by another 75 basis points ahead of their announcement Wednesday. US existing home sales slowed for the seventh straight month in August rising mortgage ratessurging inflation and steep home prices continued to …

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US consumer spending rose in August as gas prices fell  CNN Business

US consumer spending rose in August as gas prices fell CNN Business

CNN Business — Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers back to stores last month. The Census Bureau reported Thursday that a key measure of August US retail sales rose unexpectedly by 0.3% on a monthly basis, following a revised decrease of 0.4% …

US consumer spending rose in August as gas prices fell CNN Business Read More »

Stubbornly high rents, food prices boost US inflation in August

Stubbornly high rents, food prices boost US inflation in August

Consumer price index rises 0.1% in August Rents, food and healthcare account for increase in CPI Core CPI surges 0.6%; increases 6.3% year-on-year WASHINGTON, Sept 13 (Reuters) – US consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third …

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Rising food and housing costs pushed inflation higher in August

Rising food and housing costs pushed inflation higher in August

Consumer prices in August climbed 0.1 percent compared to the month before, despite falling costs for gas and energy. A number of economists had been hopeful that Tuesday’s release would show that inflation is finally cooling, but a new government report showed that price increases remain stubbornly high, especially for food and housing. Data released …

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High-stakes inflation report expected to show prices slowed in August but remained elevated

High-stakes inflation report expected to show prices slowed in August but remained elevated

UBS managing director and senior portfolio manager Jason Katz provides insight on the market’s response to the Fed on ‘Making Money.’ Inflation likely slowed down in August for the second consecutive month. Still, consumer prices are expected to remain painfully high, keeping the pressure on the Federal Reserve to go big at its policy-setting meeting …

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India's August retail inflation accelerates as Cenbank struggles to tame prices

India’s August retail inflation accelerates as Cenbank struggles to tame prices

Vendors wait for customers at their respective shops at a retail market in Kolkata, India, December 12, 2018. REUTERS/Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Register Annual food inflation 7.62% in August vs. 6.69% in July Central bank seen to hike rates by 25-50 bps in September Core inflation seen at …

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Solid August jobs report leaves another jumbo Fed rate hike on the table in September

Solid August jobs report leaves another jumbo Fed rate hike on the table in September

Sarge986 president Stephen Guilfoyle and Revere Securities CCO Scott Fullman preview the August jobs report and explain why now is the time for investors to be cautious on ‘The Claman Countdown.’ US job growth cooled in August but hiring likely remained healthy enough last month for the Federal Reserve to approve another jumbo interest rate …

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