Sales of cheaper houses spiked in July: Analysis
Sales of the lowest priced homes surged in July, a sign that the housing sector, battered by the Federal Reserve’s interest rate hikes, is recovering. Pending sales in the “starter home” category have increased 10.2% since July 2023, according to figures released Monday by real estate firm Redfin. That compares with a 6.5% decrease in […]
Secret Service agents told not to request extra security for July 13 Trump event, senator says
Agents planning a July 13 rally for Donald J. Trump in Butler Township, Pennsylvania, were urged by U.S. Secret Service headquarters not to request additional security for the event, a whistleblower told Republican Sen. Josh Hawley of Missouri. Anne Letter of August 23rd Hawley asked for an explanation from Secret Service Acting Director Ronald L. […]
July border encounters dropped to lowest level in four years
U.S. Customs and Border Protection (CBP) said Friday that the number of migrant encounters along the southwest border last month fell to a four-year low. “In July, Border Patrol recorded 56,408 encounters between ports of entry along the southwest border,” CBP said. stated in a press release“This is the lowest monthly total since September 2020.” […]
Housing Starts Unexpectedly Plunged In July
Homebuilders backed away from new homebuilding and construction plans in July, threatening to worsen home affordability in the United States. The Census Bureau said Friday that the pace of new project starts fell 6.8% to a seasonally adjusted annual rate of 1.238 million. Economists had been expecting a pace of 1.342 million. The number of […]
NYC taxpayers have spent $306M on ongoing migrant crisis since July
New figures released by New York City on Thursday showed that city taxpayers have spent $306 million on migrants since July 1, bringing the total spending on the ongoing migrant crisis to nearly $5.5 billion. The figure, updated by the Adams administration to include spending since the start of the current fiscal year, is hundreds […]
July inflation drops below 3% as Fed considers September rate cut
Housing costs remain high, but insurance premiums are finally starting to stabilize. (iStock) Annual inflation fell below 3% in July for the first time in more than three years. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). On an annualized basis, prices rose 2.9% in July, slowing […]
Inflation expected to cool slightly in July report as issue becomes key issue in presidential campaign
David Bahnsen, managing partner at the Bahnsen Group, analyzes the Federal Reserve’s plans to combat inflation for Barney & Co. Get noticed Inflation Report The data is due to be released Wednesday morning and is expected to show that inflation continues to ease as the issue has come to the forefront of the presidential election […]
U.S. Inflation Hits 2.9% In July, Opening Possibility For Fed To Start Cutting Rates
(Photo by Brandon Bell/Getty Images) By James Myers, OAN StaffWednesday, August 14, 2024 8:18 AM U.S. inflation rose 2.9% year-on-year in July, below expectations, raising the possibility that the Federal Reserve will finally start cutting interest rates next month. advertisement The Bureau of Labor Statistics said the consumer price index rose 0.2% from the previous […]
US inflation hits 2.9% in July, paving way for Fed to start cutting rates
U.S. inflation rose 2.9% year-on-year last month, slightly weaker than expected, raising the possibility that the Federal Reserve will finally start cutting interest rates next month. According to the Bureau of Labor Statistics, the consumer price index rose 0.2% from the previous month in July, just below the 3% year-on-year increase that economists had expected, […]
Inflation Revived In July as Housing Prices Continue To Rise
Inflation rose in July, reversing a decline in prices the previous month, but remained muted enough to ensure the Federal Reserve cuts interest rates next month. The Bureau of Labor Statistics said Wednesday that the consumer price index rose 2.9% in July from a year earlier. The government’s main inflation measure rose 3% from a […]