Surging housing costs are the engine driving this week’s worrisome Consumer Price Index report — and it's going to be tough to bring them down.
Surging housing costs are the engine driving Tuesday's worrisome Consumer Price Index report — and it's going to be tough to bring them down.The inflation numbers provoked a fresh round of worry that the Fed still hasn't gotten inflation under control, and that it'll have to raise interest rates quite a bit more.Core U.S. inflation — that is, price increases stripping out volatile food and energy costs — jumped more than expected in August.
Owners' equivalent rent, a measure that tries to capture the monthly costs homeowners would pay to rent their home, was up 6.3%.Purchase prices for homes. The COVID-related housing boom pushed the median purchase price of an existing home up roughly 50%.While the surge in mortgage ratesSo there's little reason to think inflation is going to suddenly abate much either.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
‘Why Isn't Anyone Talking About This?’ — Twitter’s Crypto Spam Problem Increases With Legions of CZ Bots, Verified Vitalik Impersonators – Featured Bitcoin NewsDespite people reporting the bots regularly and openly complaining about the problem, Twitter has done very little to address the crypto spam problem. Why isn't anyone talking about this?
Weiterlesen »
Housing Vouchers Are Distorting D.C.'s Rental Market, Critics SayHousing Choice Vouchers have become increasingly valuable in D.C. Now some renters and advocates say high voucher rents are causing problems.
Weiterlesen »
New report highlights ongoing problem with poverty in OhioIn a new report from OACAA, data shows how poverty continues to be a problem in the buckeye state, highlighting how housing, employment, childcare and student loan debt play a role.
Weiterlesen »
Karine Jean-Pierre blasted for defense of Inflation Reduction Act: ‘What is she smoking?’White House press secretary Karine Jean-Pierre was slammed after she attempted to defend the Inflation Reduction Act amidst rising inflation reports on Tuesday.
Weiterlesen »