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 […]
Inflation expected to slow again in June, but high prices are still crushing Americans
Former Kansas City Federal Reserve Bank President Thomas Honig responded to Jerome Powell’s comments on “Cavuto Coast to Coast” that the Fed isn’t ready to start cutting interest rates. The closely watched inflation report due on Thursday is expected to show that price pressures within the economy continued to ease in June. Economists expect the […]
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June jobs report adds to signs that economy may be cooling
The rise in the unemployment rate in June and a sharp downward revision to job gains for April and May are the latest signs that the economy may be slowing under the Federal Reserve’s high interest rates. Figures released Friday by the Labor Department showed the unemployment rate rose to 4.1% in June from 4% […]
One third of all jobs created in June were in government
Former John Deere employee Chris Laursen responds to The Bottom Line about job cuts that will come with the move of production to Mexico. The June jobs report revealed stronger-than-expected job growth, with 206,000 new jobs added, but a third of those were in the government sector. Government employment increased by 70,000, well above last […]