Last week’s financial and economic reporting included readings from S&P Case-Shiller Home Price Indices, the  Federal Housing Finance Agency and the federal government reported on construction spending. Reports on public and private-sector jobs growth and the national unemployment rate were also published along with weekly readings on mortgage rates and jobless claims. S&P Case-Shiller: Home Price Growth Expected to Slow in 2022 National home prices grew by 19.20 percent … [Read more...]

Last week’s economic reporting included a speech and press conference by Federal Reserve chair Jerome Powell, data on pending home sales and sales of new homes, and the University of Michigan’s monthly reading on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also published. Fed Chair: Rate Hikes Above 0.25 Percent May be Needed to Ease Inflation Federal Reserve chair Jerome Powell said that the Fed is willing to move beyond its recent 0.25 percent rate … [Read more...]

Last week’s economic reporting included month-to-month and year-over-year readings on inflation. The University of Michigan released its monthly consumer sentiment index; weekly readings on mortgage rates and jobless claims were also published. Inflation Reports: No Good News for Consumers The war in Ukraine increased inflation rates in the U.S in February as costs for fuel, food and housing continued to rise. The federal government reported that month-to-month inflation rose by 0.80 … [Read more...]