Eye On Housing
Real GDP grew in the third quarter, after shrinking for the first two straight quarters of 2022. This quarter’s growth was mostly fueled by a decline in the trade deficit. More important, the data from the GDP report suggests that inflation is cooling. The GDP price index, rose 4.1% for the third quarter, down from a 9.0% increase in the… Read More ›
The most recent data release from the Bureau of Economic Analysis (BEA) showed that Personal income climbed 0.3% in March after increasing by the same margin in prior month. Gains in personal income are largely driven by increases in wages and salaries. This is in line with the report by the National Compensation Survey that wages and salaries for civilian… Read More ›
Personal consumption expenditures was up by 0.5% in September following a 0.1% dip in August, according to the most recent data release from the Bureau of Economic Analysis. Personal income edged up by 0.3%, largely driven by an increase in employee compensation. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth. In September,… Read More ›
Personal Consumption Expenditures (PCE) was effectively unchanged in August, standing at $11.5 billion, according to the most recent data release from the Bureau of Economic Analysis. Meanwhile, personal income rose by 0.2%, almost half of the gain in July. The gain in personal income was the weakest since a drop in February, as wages, the largest component, only increased 0.1% after… Read More ›
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) for November. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 0.3% in November, slower than 2.4% in October. Meanwhile, excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 2.2% in November following 2.5% in… Read More ›
The Bureau of Labor Statistics (BLS) reported consumer prices increased in July. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.6%, slower than 3.9% in June. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 1.6% in July. Energy prices were stabilized and rose at a… Read More ›