Homebuilder sentiment drops for fourth straight month, as rising rates push housing to ‘an inflection point’
Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.
Sharply higher mortgage rates are causing homebuyers to pull back, and homebuilder sentiment dropped as a result.
Retail sales were expected to increase 0.6% in March, according to Dow Jones estimates.
Getting inflation under control will require raising interest rates at a faster pace than normal, Fed board member Christopher Waller said Wednesday.
The PPI, which measures the prices paid by wholesalers, increased 11.2% from a year ago, the most in a series going back to November 2010.
The consumer price index for March was expected to increase 8.4% from a year ago, according to Dow Jones estimates.
Consumer price inflation in March is expected to have risen the most since December 1981, driven by higher food costs, rising rents and runaway energy...
The Federal Reserve on Wednesday released minutes from its March 15-16 policy meeting.
The Biden administration is bracing for the Labor Department's consumer price index report to show that inflation is "extraordinarily elevated."
Prices are rising at a dramatic rate in states including Georgia and Arizona, which will host two of 2022's most important midterm Senate races.