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"This suggests that the tail risk of a sharp deterioration in the labor market has diminished, and as a result the FOMC can wait to see how the Q1 inflation data and economic policymaking play out ...
The Southern California housing market is downshifting. The average home price in the six-county region fell 0.3% from October to $869,288 in November, according to Zillow, marking the fourth ...
The U.S. housing market had finally started slowing in late 2022, and home prices seemed poised for a correction. But a strange thing happened on the way to the housing market crash: Home values ...
Likewise, Bank of America’s analysts wrote in a note yesterday “that the cutting cycle is over.” “Markets are now pricing only about 25bp of cuts this year,” the analysts wrote.
Many experts don't expect drastic improvement soon, but a shift could finally be underway. The cost of a 30-year fixed mortgage has fallen from above 7% in May to the low-6% range as of last week.
The more promising news on inflation involves energy and food. While food prices overall have been growing at a 5.8% pace this year, the U.S. Department of Agriculture Economic Research Service ...
Days on market: With high prices and mortgage rates putting a purchase out of reach for many, homes are taking longer to sell. In June, the median length of time homes spent on the market was 22 ...
Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even ...