The Fed’s Favorite Inflation Measure Leapfrogs the CPI
San Francisco Fed’s Daly: AI’s Future Is Job Augmentation and Creation, Not Destruction
Core Inflation Softens, but the Final Mile to 2% Remains Sticky
Australian Dollar Breaks Out As Economic Winds Blow Toward Rate Hikes
The Fed’s Labor Market Divide Is Hardening Against Rate Cuts
This may help explain the recent rally in housing prices in some areas. However, there are lots of foreclosures in the pipeline, so it remains to be seen whether this trend continues. My best guess: high-end housing prices have further to fall, but low-end housing prices have already bottomed.
Hat tip: Carpe Diem.
Dr. Duru