• Cleveland Fed: Key Measures Show Inflation Eased Year-over-year in September

    14 days ago - By Calculated Risk

    The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:
    According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.1% September. The 16% trimmed-mean Consumer Price Index rose 0.1% in September. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics' monthly CPI report".
    Note: The Cleveland Fed released the median CPI details for September here. Used cars and trucks increased at a 118% annualized rate in...
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  • 3 luxury housing markets where you can still grab a deal - and your house will still have room to grow in value

    3 luxury housing markets where you can still grab a deal - and your house will still have room to grow in value

    14 days ago - By Business Insider

    Summary List Placement
    The pandemic has been a driver of rising home prices across the US, as buyers compete for single-family homes and sellers remain reluctant to list amid volatility.
    Luxury sales had been on a steady upswing dating from last October to this March, before they quickly went into reverse, according to a Redfin report. But the national median home price still set a new high this summer, as demand outstripped overall market supply, and the recent sentiment in major cities like New York is that the luxury market may be on its way back.
    That said, some luxury markets still...
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  • BLS: CPI increased 0.2% in September, Core CPI increased 0.2%

    BLS: CPI increased 0.2% in September, Core CPI increased 0.2%

    14 days ago - By Calculated Risk

    From the BLS :
    The Consumer Price Index for All Urban Consumers increased 0.2 percent in September on a seasonally adjusted basis after rising 0.4 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.4 percent before seasonal adjustment.
    The index for used cars and trucks continued to rise sharply and accounted for most of the monthly increase in the seasonally adjusted all items index. The food index was unchanged, with an increase in the food away from home index offsetting a decline in the food at home index. The...
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  • US consumer prices rise 0.2% in September, inflation remains below Fed's 2% target

    14 days ago - By Stl Today

    WASHINGTON - US consumer prices rise 0.2% in September, inflation remains below Fed's 2% target.
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  • Consumer prices rise 0.2% in September as vehicles spike

    14 days ago - By Chron

    SILVER SPRING, Md. - U.S. consumer prices rose slightly in September, led again by sharp increases in the index for used vehicles.
    The Labor Department reported Tuesday that the consumer price index rose 0.2% last month, after gaining 0.4% in August.
    Prices for used cars and trucks rose 6.7% in September after a 5.4% gain in August and are now up 10.3% in the past 12 months.
    Overall inflation for the last 12 months is up 1.4% while core inflation, which excludes energy and food, is up 1.7%.
    Inflation remains below the Federal Reserve's target of 2%, and Fed officials in the summer changed...
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