Pricier homes now make up a much larger percentage of the market than a year ago.
The latest sign that the economy is underperforming in the second half of Biden's first year in office.
For the second time ever—the other time was in July—every single manufacturer in the Kansas City Fed survey reported higher prices for materials.
A warning signal that progress in the labor market may have stalled.
Fed officials now expect inflation to run at 4.2 percent this year, up from 3.4 percent at the June meeting.
The Fed noted on Wednesday that the economy has made progress toward price stability and full employment. If progress continues as expected, a reduction in bond purchases "may soon be warranted.
President Joe Biden has made expanding homeownership a prominent goal of his administration. So far, his policies have failed and homes have become less affordable.
Concerns over giant and debt-soaked property developer China Evergrande has stocks selling off across the globe.
Strong demand and a moderation in the price of lumber boosted homebuilder sentiment in September.
Views of current conditions grew dimmer and inflation expectations worsened.
The plan is for the IRS to sift through nearly all American bank accounts searching for undeclared income.
His Fraudulency Joe Biden is seeding dozens and dozens of states with unvaccinated illegal aliens.
The pace of inventory accumulation by U.S. businesses slowed in July but the extent of the slump was partially hidden by high inflation. Business inventories rose 0.5 percent following a 0.9 percent increase in June, the Commerce Department said on
The latest Philly Fed manufacturing survey showed widespread inflation amid softening demand growth.
Inflation expectations of U.S. businesses keep climbing and businesses see it sticking around, suggesting that it may turn out that the view that inflation would be "transitory" is what turns out to be transitory.
No sign of inflation pressures becoming "transitory" in the New York Fed's manufacturing survey.
Bacon prices are up 17 percent compared with a year ago. Eggs are up 9.9 percent. Even salad dressing is getting more expensive.
Democrats want to tax the rich, except when they are big private equity managers who overwhelmingly donate to Democrats.
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