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, [...]
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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 [...]
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