Blockbuster Jobs Report Staves Off Recession But Delays Rate Cuts
Hot May jobs report signals further delays in rate cuts, according to the MCT June Indices report
Tagged: Inflation
Fannie Mae ESR Group Says Economic Growth, Inflation Still On Track
The ESR Group forecasts overall economic growth to slow and mortgage rates to end the year near 7%.
Inflation Cools For First Time in Three Months
Department of Labor's April Consumer Price Index increased in line with expectations
Consumers Skip Payments Due To Inflation, Job Loss, And Forgetting To Pay
Nearly one-third of consumers said it is difficult or very difficult for them to pay their recurring debts on time.
Consumer Confidence Drops To Lowest Level Since 2022
The consumer confidence index fell to 97 in April from March’s 103.1 reading.
U.S. Economy Grew At 1.6% Rate In Q1
The slowdown comes at the same time that the Federal Reserve's efforts to combat inflation have stalled.
Hotter-Than-Expected Inflation Keeps Rates Higher
Fannie Mae forecasts fewer Federal Reserve rate cuts this year.
Monthly Housing Payments Set New Record Highs
Redfin says buyers’ costs will likely stay high due to inflation news.
Inflation Gains Steam In December
Core CPI rises by 0.3%, signaling ongoing inflationary pressures with energy and shelter costs driving the uptick.