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The Data that Drives Policy Lives Here.

REAL WAGES STILL DOWN 2.5% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.4% in March from February and is up 3.5% […]

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CONSUMERS SPENDING MORE, MAKING LESS

Key Points: U.S. consumer spending rose by 0.8%, or $145.5 billion, in February, after rising 0.2% in January. Personal income increased by 0.3%, or $66.5 billion, in February, after rising 1.0% in January. The overall personal consumption expenditures price index rose 0.3% in February and is up 2.5% from a year prior. The core personal […]

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HOUSING PRICES CONTINUE TO TREND UPWARD

Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 6.0% in the year that ended in January after rising 5.6% in December. The 20-City Composite posted a year-over-year increase of 6.6%, up from a 6.2% increase in the previous month. The […]

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U.S. RETAIL SALES ROSE IN FEBRUARY BUT MISSED EXPECTATIONS

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.6% in February from January, below consensus of 0.8%. Excluding autos, retail sales rose by 0.3% over the month, below expectations of 0.4%. Retail sales were 1.5% above February 2023 but CPI data released earlier this month showing prices have increased […]

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REAL WAGES HAVE FALLEN 2.5% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.4% in February from January and is up 3.2% […]

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INFLATION RISES TO 3.2%, ABOVE EXPECTATIONS

Key Points: The Consumer Price Index (CPI) rose 0.4% in February after rising 0.3% in January. CPI increased 3.2% from a year ago, up from 3.1% in January, and above consensus of 3.1%. The index for shelter rose 0.4% and the energy index rose 2.3% over the month. The index for food at home was […]

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FED’S PREFERRED INFLATION GAUGE TICKED UP IN JANUARY

Key Points: U.S. consumer spending rose by 0.2%, or $43.9 billion, in January, after rising 0.7% in December. Personal income increased by 1.0%, or $233.7 billion, in January, after rising 0.3% in December. The overall personal consumption expenditures price index rose 0.3% in January and is up 2.4% from a year prior. The core personal […]

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REAL WAGES HAVE FALLEN 2.1% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.3% in January from December and is up 3.1% […]

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U.S. SHOPPERS CUT BACK IN JANUARY

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 0.8% in January from December after increased spending for the holiday season. The change for December was revised down from a 0.6% gain to 0.4%. Excluding autos, retail sales fell by 0.6% over the month. Retail sales are not adjusted for […]

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INFLATION REMAINS MODERATE WHILE CONSUMERS KEEP SPENDING

Key Points: U.S. consumer spending rose by 0.7%, or $133.9 billion, in December, after rising 0.4% in November. Personal income increased by 0.3%, or $60.0 billion, in December, after rising 0.4% in November. The overall personal consumption expenditures price index rose 0.2% in December and is up 2.6% from a year prior. The core personal […]

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2023 HOME SALES LOWEST SINCE 1995

Key Points: Existing-home sales fell 1.0% in December from November, after rising in November, to a seasonally adjusted annual rate of 3.78 million. On an annual basis, existing-home sales (4.09 million) dropped to the lowest level since 1995, while the median price reached a record high of $389,800 in 2023. Existing-home sales fell 6.2% from […]

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RETAIL SALES JUMP IN DECEMBER AMID STRONG HOLIDAY SEASON

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.6% in December from November due to an increase in spending for the holiday season. Excluding autos, retail sales rose by 0.4% over the month. Retail sales were 5.6% above November 2022, above CPI data released earlier this month showing prices […]

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REAL WAGES HAVE FALLEN 2.6% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.3% in December from November and is up 3.4% […]

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REAL WAGES STILL DOWN 2.8% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.1% in November from October and is up 3.1% […]

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INFLATION REMAINS STUBBORNLY HIGH IN NOVEMBER

Key Points: The Consumer Price Index (CPI) rose 0.1% in November after no change in October. CPI increased 3.1% from a year ago, down from 3.2% in October. The index for shelter continued to rise in November, offsetting a decline in the gasoline index. The index for shelter rose 0.4% and the index for food […]

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CONSUMERS PULLED BACK ON SPENDING IN OCTOBER

Key Points: U.S. consumer spending rose by 0.2%, or $41.2 billion, in October, after rising 0.7% in September. Personal income increased by 0.2%, or $57.1 billion, in October, after rising 0.4% in September. The overall personal consumption expenditures price index was unchanged in October and is up 3.0% from a year prior. The core personal […]

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REAL WAGES HAVE FALLEN 3% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) was unchanged in October from September and is up 3.2% […]

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RETAIL SALES FELL IN OCTOBER FOR FIRST TIME SINCE MARCH

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 0.1% in October from September. This was the first monthly decline since March. The August to September percent change was revised up to 0.9% from 0.7%. Excluding autos, retail sales rose by 0.1% over the month. Retail sales were 2.5% above […]

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PRICES UNCHANGED IN OCTOBER, CORE PRICES REMAIN HIGH

Key Points: The Consumer Price Index (CPI) was unchanged in October after rising 0.4% in September. CPI increased 3.2% from a year ago, down from 3.7% in September. The index for shelter continued to rise in October, offsetting a decline in the gasoline index and resulting in the overall index being unchanged over the month. […]

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RETAIL SALES ROSE FOR THE SIXTH CONSECUTIVE MONTH

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.7% in September from August for the sixth consecutive month. Consensus among economists was a 0.3% increase. The July to August percent change was revised up to 0.8% from 0.6%. Excluding autos, retail sales rose by 0.6% over the month. Retail […]

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REAL WAGES DOWN 3.3% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.4% in September from August and is up 3.7% […]

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PRICES ROSE MORE THAN EXPECTED IN SEPTEMBER

Key Points: The Consumer Price Index (CPI) rose 0.4% in September after rising 0.6% in August. CPI increased 3.7% from a year ago, the same reading as August. The index for energy rose 1.5% over the month, food rose 0.2%, and shelter increased by 0.6%. The index for food at home increased 0.1% over the […]

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PRICES ROSE IN AUGUST, CONSUMER SPENDING SLOWED

Key Points: U.S. consumer spending rose by 0.4%, or $83.6 billion, in August, after rising 0.9% in July. Personal income increased by 0.4%, or $87.6 billion, in August, after rising 0.2% in July. The overall personal consumption expenditures price index rose 0.4% in August and is up 3.5% from a year prior. The core personal […]

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REAL WAGES DOWN 3.1% UNDER BIDEN ADMIN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.6% in August from July and is up 3.7% […]

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INFLATION ACCELERATED IN AUGUST

Key Points: The Consumer Price Index (CPI) rose 0.6% in August after rising 0.2% in July. CPI increased 3.7% from a year ago, up from 3.2% in July. The index for energy rose 5.6% over the month, food rose 0.2%, and shelter increased by 0.3%. This marks the 40th consecutive month of increases in the […]

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LABOR DAY GAS PRICES NEAR ALL-TIME HIGH

Key Points: Gas prices climbed to an average of $3.81 a gallon nationally over Labor Day weekend, $0.02 higher than last year, and near the all-time Labor Day record of $3.84. Diesel prices have jumped $0.27 in the last month. 16 States and D.C. have prices above the U.S. average and 34 states have lower […]

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GAS PRICES HIT 10-MONTH HIGH

Key Points: Gas prices climbed to an average of $3.88 a gallon nationally this week, a 10-month high. Gas prices have increased by $0.31 in the last month alone. The highest gas prices are in California ($5.09), Washington ($5.01), Hawaii ($4.77), Oregon ($4.67), Alaska ($4.46), Nevada ($4.34), Utah ($4.09), Illinois ($4.05), and Idaho ($4.05). The […]

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REAL WAGES STILL DOWN UNDER BIDEN DESPITE SLOWING INFLATION

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up and lower inflation readings recently, wages are still down after adjusting for inflation. The Consumer Price Index (CPI) rose 0.2% in July from […]

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U.S. CONSUMER SPENDING INCREASED IN JUNE

Key Points: U.S. consumer spending rose by 0.5%, or $100.4 billion, in June, after rising 0.2% in May. Personal income increased by 0.3%, or $69.5 billion, in June, after rising 0.5% in May. The overall personal consumption expenditures price index rose 0.2% in June and is up 3.0% from a year prior. The core personal […]

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RETAIL SALES MISS EXPECTATIONS DESPITE SLOWING INFLATION

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.2% in June from May. Consensus among economists was a 0.5% increase. The April to May percent change was revised up to 0.5% from 0.3%. Excluding autos, retail sales also rose by 0.2% over the month. Retail sales were 1.5% above […]

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REAL WAGES DOWN 3% SINCE BIDEN TOOK OFFICE

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are lower after adjusting for inflation. The Consumer Price Index (CPI) rose 0.2% in June from May and is up 3.0% in […]

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INFLATION EASED TO 3% IN JUNE

Key Points: The Consumer Price Index (CPI) rose 0.2% in June after rising 0.1% in May. CPI increased 3.0% from a year ago, down from 4.0% in May, and the lowest reading since March 2021. CPI has slowed from the peak one year ago when prices were up 9.1% in June 2022. The index for […]

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CONSUMER SPENDING STALLED IN MAY

Key Points: U.S. consumer spending rose by 0.1%, or $18.9 Billion, in May, after rising 0.6% in April. Personal income increased by 0.4%, or $91.2 Billion, in May, after rising 0.3% in April. The overall personal consumption expenditures price index rose 0.1% in May and is up 3.8% from a year prior. The core personal […]

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REAL WAGES HAVE FALLEN 3.2% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are lower after adjusting for inflation. The Consumer Price Index (CPI) rose 0.1% in May from April and is up 4.0% in […]

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CONSUMER SPENDING ROSE 0.3% IN MAY

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.3% in May from April after rising 0.4% in May. Consumers spent more at most categories of retailers, including grocery, furniture and electronics stores. Excluding autos, retail sales also rose by 0.4% over the month. Retail sales were 1.6% above May […]

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CONSUMER SPENDING JUMPS IN APRIL, PRICES REMAIN ELEVATED

Key Points: U.S. consumer spending rose by 0.8%, or $151.7 Billion, in April, after rising 0.1% in March. Personal income increased by 0.4%, or $80.1 Billion, in April, after rising 0.3% in March. The overall personal consumption expenditures price index rose 0.4% in April and is up 4.4% from a year prior. The core personal […]

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YOUR MEMORIAL DAY BBQ WILL COST 10.6% MORE THAN LAST YEAR

Key Points: While inflation is down from the Summer 2022 peak, Americans are still feeling the impact of higher prices. The costs were determined for 10 people consuming one plate of food. One plate consists of 4 oz. burger with lettuce, tomato, and bun, a hotdog, baked beans, potato salad, potato chips, vanilla ice cream, […]

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REAL WAGES HAVE FALLEN 3.3% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. Despite average hourly earnings trending up, wages are lower after adjusting for inflation. The Consumer Price Index (CPI) rose 0.4% in April from March and is up 4.9% in […]

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INFLATION GAUGE SHOWS CORE PRICES REMAIN ELEVATED

Key Points: U.S. consumer spending rose by less than 0.1%, or $8.2 Billion, in March, after rising 0.1% in February. Personal income increased by 0.3%, or $67.9 Billion, in March, the same rate as February. The overall personal consumption expenditures price index rose 0.1% in March and is up 4.2% from a year prior. The […]

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RETAIL SALES FALL 1% OVER THE MONTH, MISSING EXPECTATIONS

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, fell 1.0% in March from February after last month was revised to a 0.2% decline. Consensus among economists was a 0.4% decline. Excluding autos, retail sales also fell by 0.8% over the month. Total sales for the January 2023 through March 2023 […]

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INFLATION EASED IN MARCH, CORE PRICES REMAIN ELEVATED

Key Points: The Consumer Price Index (CPI) rose 0.1% in March after rising 0.4% in February. CPI increased 5.0% from a year ago, down from 6.0% in February, and the lowest reading since May 2021. The rate of price increases remained above 5% for the twenty-second straight month. The index for energy decreased 3.5% over […]

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REAL WAGES HAVE FALLEN 3.7% UNDER BIDEN

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in February from January and is up 6.0% in the last year. Despite trending up between January 2017 and January 2021, real […]

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FOOD LEADS THE PRICE INCREASES IN THE LAST YEAR

Key Points: The Consumer Price Index (CPI) rose 0.4% in February from January and is up 6.0% in the last year. The core CPI, which excludes food and energy, rose 0.5% in February and is up 5.5% from the previous year. The overall food index rose 9.5%, food at home rose 10.2%, and food away […]

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CONSUMER PRICES INCREASED 6.0% FROM YEAR AGO

Key Points: The Consumer Price Index (CPI) rose 0.4% in February after rising 0.5% in January. CPI increased 6.0% from a year ago, down from 6.4% in January, and the lowest reading since September 2021. The rate of price increases remained above 5% for the twenty-first straight month. The index for energy decreased 0.6% over […]

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CONSUMER PRICES JUMPED IN JANUARY ABOVE EXPECTATIONS

Key Points: U.S. consumer spending rose by 1.8%, or $312.5 Billion, in January, after falling 0.1% in January. Personal income increased by 0.6%, or $131.1 Billion, in January, up from 0.3% in December, but below the 0.9% consensus. The overall personal consumption expenditures price index rose 0.6% in January and is up 5.4% from a […]

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INFLATION REMAINED STUBBORNLY HIGH IN JANUARY

Key Points: The Consumer Price Index (CPI) rose 0.5% in January from December and is up 6.4% in the last year. The core CPI, which excludes food and energy, rose 0.4% in January and is up 5.6% from the previous year. The overall food index rose 10.1%, food at home rose 11.3%, and food away […]

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REAL WAGES FELL 1.8% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.5% in January from December and is up 6.4% in the last year. Despite trending up between January 2017 and January 2021, real […]

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RETAIL SALES REBOUND IN JANUARY DESPITE INFLATION

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 3.0% in January from December after falling 1.1% last month. Consensus among economists was a 1.8% increase. January’s increase comes after two months of decline at the end of last year. Excluding autos, retail sales also rose by 2.3% over the […]

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U.S. HOUSEHOLDS CUT SPENDING IN DECEMBER

Key Points: U.S. consumer spending fell by 0.2%, or $41.68 Billion, in December, after November was revised to a 0.1% decline. Personal income increased by 0.2%, or $49.5 Billion, in December, down from 0.3% in November. The overall personal consumption expenditures price index rose 0.1% in December and is up 5.0% from a year prior. […]

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INFLATION SLOWED IN DECEMBER, PRICES UP 6.5% IN LAST YEAR

Key Points: The Consumer Price Index (CPI) fell 0.1% in December. CPI increased 6.5% from a year ago, down from 7.1% in November, and the lowest reading since October 2021. The rate of price increases remained above 5% for the nineteenth straight month. The index for energy decreased 4.5% over the month while shelter increased […]

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CONSUMER SPENDING ROSE MODESTLY IN NOVEMBER

Key Points: U.S. consumer spending rose by 0.1%, or $19.8 Billion, in November, down from 0.9% in October. Personal income increased by 0.4%, or $80.1 Billion, in November, down from 0.7% in October. The overall personal consumption expenditures price index rose 0.1% in November and is up 5.5% from a year prior. The core personal […]

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BUILDER CONFIDENCE DECLINED EVERY MONTH IN 2022

Key Points U.S. builder confidence fell again in December as the combination of high mortgage rates, elevated construction costs, and diminishing consumer demand due to the elevated home prices have dragged builder sentiment down for the entirety of 2022. The NAHB Housing Market index declined to a reading of 31 this month from 33 in […]

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INFLATION EASED IN NOVEMBER, PRICES UP 7.1% IN LAST YEAR

Key Points: The Consumer Price Index (CPI) rose 0.1% in November. CPI increased 7.1% from a year ago, down from 7.7% in October, and the lowest reading since December 2021. Consensus among economists was a 7.3% increase. The rate of price increases remained above 5% for the eighteenth straight month. The index for shelter was […]

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CONSUMER SPENDING SPIKED IN OCTOBER AS INFLATION EASED

Key Points: U.S. consumer spending rose by 0.8%, or $147.9 Billion, in October, up from 0.6% in September. Personal income increased by 0.7%, or $155.3 Billion, in October, up from 0.4% in September. The overall personal consumption expenditures price index rose 0.3% in October and is up 6.0% from a year prior. The core personal […]

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REAL WAGES HAVE FALLEN 2.8% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in October from September and is up 7.7% in the last year. Despite trending up between January 2017 and January 2021, real […]

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INFLATION EASED IN OCTOBER, PRICES UP 7.7% IN LAST YEAR

Key Points: The Consumer Price Index (CPI) rose 0.4% in October, the same reading as September. CPI increased 7.7% from a year ago, down from 8.2% in September. Consensus among economists was an 8.2% increase. The rate of price increases remained above 5% for the seventeenth straight month. Shelter, food, and gasoline indexes increased over […]

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BUILDER CONFIDENCE DOWN 10 STRAIGHT MONTHS

Key Points U.S. builder confidence fell again in October as the combination of rising interest rates, building material bottlenecks, and elevated home prices continue to weaken the housing market. The NAHB Housing Market index declined to a reading of 38 this month from 46 in September. This is the tenth consecutive month that builder sentiment […]

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REAL WAGES HAVE FALLEN 3.0% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.4% in September from August and is up 8.2% in the last year. Despite trending up between January 2017 and January 2021, real […]

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CORE INFLATION HITS NEW 4-DECADE HIGH

Key Points: The Consumer Price Index (CPI) rose 0.4% in September from August and is up 8.2% in the last year. The core CPI which excludes food and energy rose to 6.6% in September, the highest rate since August 1982. The overall food index rose 11.2%, food at home rose 13.0%, and food away from […]

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REAL WAGES HAVE FALLEN 2.8% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) rose 0.1% in August from July and is up 8.3% in the last year. Despite trending up between January 2017 and January 2021, real […]

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RETAIL SALES ROSE 0.3% IN AUGUST

Key Points: Retail sales, a measure of purchases at stores, restaurants and online, rose 0.3% in August from July as inflation remained near its highest level in more than 40 years. Consensus among economists was no change. August’s 0.3% gain comes after July was revised down from 0.0% to -0.4%. Excluding autos, retail sales fell […]

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HOME-PRICE GROWTH SLOWED IN JUNE

Key Points: The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 18% in the year that ended in June, down from 19.9% in the previous month. The 20-City Composite posted a 18.6% year-over-year gain, down from 20.5% in the previous month. The 10-City […]

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REAL WAGES CONTINUE TO DECLINE, DOWN 3% IN LAST YEAR

Key Points: Real average hourly earnings are hourly earnings adjusted for inflation. They are one measure of real wages, which represent the economic return to work. The Consumer Price Index (CPI) was unchanged in July from June and is up 8.5% in the last year. Despite trending up between January 2017 and January 2021, real […]

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INFLATION COOLED IN JULY, REMAINS NEAR 40-YEAR HIGH

Key Points: The Consumer Price Index (CPI) was unchanged in July after rising 1.3% in June. CPI increased 8.5% from a year ago, down from 9.1% in June, the highest reading since the period ending November 1981. Prices remained above 5% for the fourteenth straight month. The core CPI, which excludes food and energy, rose […]

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NEW HOME SALES FELL TO 2-YEAR LOW IN JUNE

Key Points: New home sales fell 8.1% in June from May to a seasonally adjusted 590K. New home sales dropped in June to the lowest level since April 2020. May sales were also revised down to 642K from 696K. The volume of new single‐family home sale are down 17.4% from a year ago. The Right […]

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INFLATION ACCELERATED TO 9.1% IN JUNE, LED BY GASOLINE

Key Points: The Consumer Price Index (CPI) increased 1.3% in June and is up 9.1% in the last year, the highest reading since 1981. Price increases in the last year have been broad, impacting businesses and consumers. The overall food index rose 10.4%, food at home rose 12.2%, and food away from home rose 7.7% […]

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INFLATION HITS NEW 40-YEAR HIGH, UP 9.1% IN LAST YEAR

Key Points: The Consumer Price Index (CPI) increased 1.3% in June after rising 1.0% in May. CPI increased 9.1% from a year ago, the highest reading since the period ending November 1981. Prices remained above 5% for the thirteenth straight month. The core CPI, which excludes food and energy, rose 0.7% in June and is […]

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CONSUMER SPENDING SLOWED IN MAY

Key Points: U.S. consumer spending rose by 0.2%, or $32.7 Billion, in May, down from 0.6% in April. Personal income increased by 0.5%, or $113.4 Billion, in May, the same reading as April. The overall personal consumption expenditures price index rose 0.6% in May and is up 6.3% from a year prior. The core personal […]

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