Housing starts rose in June despite higher mortgage rates
The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices and rents driven by a lack of supply. Housing starts, the change in the number of new residential buildings that began construction, rose 3% from May to a seasonally adjusted annual rate of 1.35 million in […]
US retail sales unchanged in June, beating forecasts for slight drop
Ironside Macroeconomics Managing Partner Barry Knapp speaks about “The Age of Financialization” during Unbreakable Investor’s “Making Money” town hall. U.S. retail sales were flat in June, signaling a strong underlying trend that could boost second-quarter economic growth forecasts. The Commerce Department’s Census Bureau said Tuesday that retail sales last month were flat, following an upwardly […]
January 6 arrests slow in June but are still running far ahead of 2023, 2022 levels
New statistics from the Department of Justice show that FBI arrests on Jan. 6th fell in June, but the total for the first half of 2024 is still well above the same periods in 2023 and 2022. According to the Department of Justice’s 42-month Jan. 6 report, the FBI arrested 15 people on Jan. 6 […]
Arizona News: June 2,2023
The Prickly Pear’s TAKE ACTION focus this year is to help achieve a winning 2024 national and state November 5th election with the removal of the Biden/Obama leftist executive branch disaster, win one U.S. Senate seat, maintain and win strong majorities in all Arizona state offices on the ballot and to insure that unrestricted abortion […]
The Most Splendid Housing Bubbles in America, June Update
Estimated Reading Time: 2 minutes 2nd Overall YoY Price Drop since 2012. Biggest in Seattle, San Francisco, Las Vegas, Phoenix, San Diego, Portland, Dallas… It’s spring selling season, when prices always rise month-to-month, and they did, but it wasn’t enough. It’s still spring selling season when sales volume and prices nearly always rise on […]
Consumers find mild relief as June inflation dips by 0.1%
Inflation rose 3.0% year-on-year, down from 3.3% in May. (iStock) The Consumer Price Index (CPI) was unchanged in May but fell 0.1% seasonally adjusted in June. The Bureau of Labor Statistics recently. Over the past 12 months, the all-item index has risen 3%, slowing from a 3.3% increase in May, driven largely by rising food […]
Inflation unexpectedly rose to 2.7% in June in producer price index
Inflation as measured by the producer price index rose to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Friday, some bad news for the Federal Reserve and President Joe Biden. Economists had forecast a slight rise in inflation from 2.2% in May. On a month-to-month basis, the producer price index increased by 0.2 percentage points, more than expected. […]
Arizona News: June 16, 2023
The Prickly Pear’s TAKE ACTION focus this year is to help achieve a winning 2024 national and state November 5th election with the removal of the Biden/Obama leftist executive branch disaster, win one U.S. Senate seat, maintain and win strong majorities in all Arizona state offices on the ballot and to insure that unrestricted abortion […]
How it started … How it’s going: Inflation down in June, but food, housing prices still up under Biden
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. President Biden Though prices remain uncomfortably high for millions of Americans, the U.S. government celebrated a victory on Thursday after inflation fell to its first decrease in four years. The U.S. Department of Labor said […]
Inflation unexpectedly drops to 3% in June
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, explains why she recommends investing in stocks over bonds over the long term. Inflation rate fell more than expected in June Federal Reserve Prices remained uncomfortably high for millions of Americans. The Labor Department said Thursday that the Consumer Price Index (CPI), a broad gauge of […]