The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers Chair Jared Bernstein reacted to the March PCE report that showed the yearly PCE inflation rate increasing with the annual core rate holding steady along with
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% – higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month. In another sign that progress...
The employment cost index, which measures worker salaries and benefits, gained 1.2% in the first quarter.
New York is the first state to receive funds through the Inflation Reduction Act’s home energy rebates program; 11 others have applications pending, according to the U.S. Department of Energy.
Hong Kong’s housing minister has defended an estimated HK$4.39 billion price tag for managing 30,000 temporary flats which are planned for the city, saying this would cover maintenance, cleaning, and other amenities. The units will be part of the Light Public Housing (LPH) scheme, which aims to boost the city’s short-term housing supply by providing […]
McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.
Rising inflation has led consumers to rethink the idea that inflation was going to come down a lot this year. | Economy
Inflation rose by 3.5 per cent in year to March - up from 3.4 per cent in February. Petrol prices surged by 8.1 per cent over the year as Israel fights hostile attacks. Westpac bank now expecting Reserve Bank to delay interest rates cuts in 2024. READ MORE:
(The Center Square) – A new report is sounding the alarm on Arizona’s housing market. The report from the Common Sense Institute, a conservative-leaning think tank, says that Arizona is losing its competitiveness that it once had. In addition, the report says that there is a “housing deficit of over 129,000 units” and found that the cost of a home in the Phoenix metropolitan area has gone up by 60% since 2020. “Arizona’s housing market is standing on a cliff,”...
(The Center Square) – A new survey shows that not since the pandemic have the percentage of small businesses experiencing rent problems been so high, but conditions appear to be improving in Illinois.
(The Center Square) - Iowa's housing market is the 17th most competitive in the country, according to a new study released Thursday by the Common Sense Institute of Iowa. The Iowa Housing Competitiveness Index is based on four factors, the organization said: "The percentage of permits as a share of the housing deficit/surplus; the housing deficit/surplus as a percentage of the population; the hours required to pay a monthly mortgage; and the number of hours of work required to...