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The “excess” core CPI inflation right now is much less broad than what we saw in 2022.
In 2022, inflationary pressures hit many categories.
In contrast, right now, only two are stronger than we’d expect under 2% PCE pre-pandemic: housing–the lion’s share–and auto insurance. pic.twitter.com/hZ8DwGWE5Y
March’s US Retail Sales data experiences a big upward surprise 0.7% MoM vs. a forecast of 0.4%. Here are the details behind the move from ECAN<Go>. pic.twitter.com/7AcRZEFJj9
I just listed my house. 14 showings in 2 days before the open house. First offer came in 11% over asking with no contingencies. Buyer is putting 20% down with a 7% 30 yr mortgage for the rest. I have owned the house for 7 years and it has appreciated 60% w/ no renovations.
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