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topStories Saturday, October 08, 2022
More Data Shows Core Inflation Resisting Fed Hikes
With the Federal Reserve showing no signs of letting up in its ongoing crusade of interest rate hikes, the latest data on inflation is offering no suggestion of immediate relief, with personal consumption expenditure (PCE) inflation—the Fed’s preferred measurement—actually ticking up...
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Further Market Cooling and ‘Moderate Recession’ Likely in 2023, Fannie Mae Says

The U.S. could see a recession in six months. At least that is what Fannie Mae forecasters expect after lowering... More
Mortgage Rates Eyeing 7% Territory

Mortgage rates increased for the sixth-straight week this week, reaching another high we haven’t seen in more than a decade... More
New Home Sales Snap Back in August With 28.8% Surge

Just as folks started getting used to hearing about the cooling housing market, new single-family home sales surprisingly snapped the trend... More
Home Prices Stumble, Still Up YoY

The latest data from the leading index on home prices showed the largest month-to-month deceleration in prices in history, with a 2.3% deceleration... More
 
 
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