Despite the scary-looking headlines, there is much in the latest CPI report to suggest that recent price increases are only temporary. Reopening sensitive prices such as used cars, lodging, airfare, rental cars, and food away from home accounted for roughly 55% of the month-over-month increase in prices. Yields on government bonds brushed off the data, [...]
Despite the largest increase in new hires in ten months, the job report gives little reason for the Fed to tighten policy. NFPAYROLL
S&P CoreLogic Case-Shiller Index increased at its fastest pace since the index started in 1988. Case Shiller
Purchases of new single-family homes declined 5.9% in May vs an expectation of a slight increase. The median new home price rose to $374,000. Recent housing data suggests that the real estate market, while still very robust, has cooled the last few months. Ishares Home Builders ETF (ITB) which represents the stock price of the [...]
Home Prices Hit All-Time High in May US Exisiting Home Sales
April's headline inflation data increased 4.2% in April. The increase was the fastest jump in prices since 2009. CPI APril 2021
Unexpected weakness in the payroll number raises a lot of questions about the health of the US economy. NFP April 2021
CNBC's article "Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating" What do higher rates mean for investment portfolios? Call King Harbor to discuss. Treasury Secretary Yellen and Higher Rates
Higher mortgage rates and a low supply of homes for sale pushed existing home sales lower in March. exhomesales
Historically low mortgage rates propelled housing starts and housing permits to its fastest pace since 2006. Housing Starts
