• July 15, 2017
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• realestatelife

The cost of rent is on the rise again, pressuring Americans’ pocketbooks and crimping growth throughout the economy. Rent rose 3.9% compared to a year ago in June, the Labor Department said Friday. While that’s only a slight uptick from 3.8% annual gains in the past couple of months, the average annual increase in each

• July 14, 2017
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• realestatelife

The University of Michigan’s sentiment index slipped to 93.1 in July from 95.1 in June. The index has fallen from a 13-year high of 98.5 in January, when President Trump took office. Consumers were optimistic at the start of the Trump presidency, especially Republicans, but the early hopes about even faster U.S. growth appear to

• July 14, 2017
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• realestatelife

Industrial production rose 0.4% in June, a touch ahead of expectations, as mining output surged 1.6%, the Federal Reserve reported. Utilities output as flat and manufacturing output edged up 0.2%.

• July 14, 2017
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• realestatelife

The flurry of economic reports released Friday were not, on balance, that strong. But they may not be weak enough to derail the Federal Reserve’s plans for hiking interest rates and reducing its balance sheet later this year.

• 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 14, 2017
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• realestatelife

On Friday, the New York Fed said its “nowcast” has been reduced to 1.9% for the second quarter, down a tick from its last report, and from as high as 2.6% in April. A similar assessment from the Atlanta Fed called GDPNow fell to 2.4% from 2.6%, and is down from 4.3% in May.

• 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