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A survey by the Federal Reserve Bank of New York found that Americans' inflation expectations have reached their lowest point in nearly three years. Economists say consumers appear to be responding to steadily slower inflation, higher incomes, lower gas prices and a rising stock market. What's more, paychecks have outpaced inflation over the past year, thereby easing Americans' adjustment to a higher cost of living. Political Cartoons View All 253 ImagesEven with the steady slowdown in inflation, prices are still nearly 17% higher than they were three years ago, a source of discontent for many Americans. It would be too painful.”Claudia Sahm, founder of Sahm Consulting and also a former Fed economist, acknowledged that "people are angry” about higher prices.

Persons: Joe Biden's, What's, ”, Grace Zwemmer, Marshall, “, Dana Smith, Smith, Ryan Cummings, ” Cummings, Biden, Robert Shiller, David Andolfatto, “ Let’s, Claudia Sahm, Josh Boak Organizations: WASHINGTON, University of Michigan, Federal Reserve Bank of New, Federal, Oxford Economics, Marshall, Trump, Democratic, Fed, University of Miami, Sahm Consulting Locations: Federal Reserve Bank of New York, Atlanta, Matthews , North Carolina, Charlotte, Washington

The central bank's quest for a "soft landing" of more slowly rising prices and continued economic growth looks increasingly probable. In fact, the U.S. may hit a sweet spot just as the 2024 presidential election campaign crescendos next year. Rather than cheering, though, after years of economic turbulence since the coronavirus pandemic erupted in 2020, Americans grumble, at least if you ask them about the economy. With fast rising prices and the end of an array of pandemic-era government benefit programs, inflation-adjusted household income fell last year, and the poverty rate increased. A Biden adviser said the White House understands that the economy and inflation are a critical issue, and the campaign has a big media push planned on "Bidenomics."

Persons: Sarah Silbiger, Jerome Powell, crescendos, grumble, Joe Biden, Donald Trump, Jimmy Carter's, Ronald Reagan, George H, Bush, Democrat Bill Clinton, Clinton, Biden, They've, that's, Robert Shiller, stupidly, Shiller, Powell, Howard Schneider, Trevor Hunnicutt, Heather Timmons, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Rights, . Federal, Reuters, Republican, Biden, Democrat, U.S . Consumer, Yale University, McKinsey & Company, McKinsey, Thomson Locations: Mount Pleasant, Washington ,, U.S

☆ How to Make Health Care Cheaper and Better - The New York Times
▼ + stars: | 2023-09-06 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

Louisiana successfully used a sort of subscription model to ensure access to antiviral drugs against hepatitis C for people on Medicaid and in prison, the Rebitzers wrote. Patients’ incentives to restrain health care spending are limited to whatever they spend on deductibles and co-pays. Health care is one of the only parts of the economy where “slightly worse but much cheaper” is not even on the mental map, the Rebitzers wrote. The adversarial approach to health insurance, in which insurers spend huge sums scrutinizing claims, is enormously wasteful, the Rebitzers wrote. Another idea: “Trusted third parties could manage and attest to the validity of payments, as with credit card payments.”The Rebitzers acknowledge that in health care, especially, economic incentives don’t always work.

Persons: laud, don’t, Robert Shiller, ” Organizations: American Board, Internal, ABIM, Yale Locations: Louisiana, Europe, United States

☆ Case-Shiller Index reveals 0% annual change in home prices despite rate hikes, says Robert Shiller
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCase-Shiller Index reveals 0% annual change in home prices despite rate hikes, says Robert ShillerRobert Shiller, Case-Shiller Index co-founder and professor of economics at Yale University, joins 'The Exchange' to discuss housing supply pressures on housing inventory keeping prices high, the Case-Shiller Index's estimates for future home prices, and the impact regulations on Airbnb and the secondary home rental market will have on supply.

Persons: Robert Shiller Robert Shiller Organizations: Yale University

☆ A 10-year rally in U.S. home prices could be coming to an end, says Yale's Robert Shiller
▼ + stars: | 2023-07-24 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

"The fear of interest rate increases has influenced people's thinking — it's not just the homeowners, it's new buyers who wanted to get in before the interest rates went up even more," says Robert Shiller, professor of economics at Yale University. A decade-long rally in U.S. home prices could finally come to an end once the Federal Reserve stops its rate-hiking cycle, said Robert Shiller, professor of economics at Yale University. Home prices have made steady gains since 2012, according to the S&P Case-Shiller U.S. National Home Price Index. "The fear of interest rate increases has influenced people's thinking — it's not just the homeowners, it's new buyers who wanted to get in before the interest rates went up even more," Shiller said. Shiller noted that the index reflected "unusual behavior" in the last six months, saying prices "seemed to be fine and then it started to go up."

Persons: — it's, Robert Shiller, Shiller, that's Organizations: Yale University, Federal Reserve, Yale University . Home, National Locations: U.S

☆ Robert Shiller says more than a decade of steady gains in US house prices may be coming to an end
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRobert Shiller says more than a decade of steady gains in US house prices may be coming to an endRobert Shiller, Yale University professor of economics and Case-Shiller Index co-founder, says U.S. homebuyers want to 'lock in' mortgages due to the fear of higher interest rates.

Persons: Robert Shiller Organizations: Yale University

Observers often disagree at the time whether the economy is already in recession, and sometimes afterwards whether a recession has occurred or just a “soft patch” in an otherwise uninterrupted business cycle expansion. But the same surveys show the much larger service sector still reporting marginal growth, keeping the economy as a whole out of recession so far. Chartbook: U.S. economic indicatorsThe Institute for Supply Management's (ISM) service sector index stood at 51.9 in April (with more businesses reporting expanding activity than contraction) compared with a manufacturing sector index of just 47.1. In April, the ISM services index was in only the 15th percentile for all months since 1997 compared with the manufacturing index in only the 9th percentile. If the manufacturing sector has already fallen into recession, the services sector is only just avoiding it at the moment.

☆ The housing market contraction is coming to an end as key activity gauges have 'turned the corner'
▼ + stars: | 2023-03-29 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Other gauges of the housing market have shown similar indications of a rebound. "After nearly a year, the housing sector's contraction is coming to an end," NAR's top economist said. "After nearly a year, the housing sector's contraction is coming to an end," NAR Chief Economist Lawrence Yun said in a statement. "Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months." The Northeast led all four regions, with pending sales jumping 6.4% last month.

☆ Home prices are very high by historical standards, says Yale’s Robert Shiller
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome prices are very high by historical standards, says Yale’s Robert ShillerRobert Shiller, Yale University professor of economics and Case-Shiller Index co-founder, joins 'Closing Bell: Overtime' to discuss what will be the ripple effect on residential and commercial real estate as the burrowing cost rises.

☆ Robert Shiller: Fed risks 'disgrace' if it doesn't control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | Cnn Business | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they'll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Robert Shiller: Fed risks ‘disgrace’ if it doesn’t control inflation
▼ + stars: | 2022-09-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +8 min

If people think prices will continue to rise at a fast pace, they’ll start demanding higher wages. Americans are getting stuck with credit card debt for longerMore Americans are saddled with credit card debt for longer periods of time as emergency expenses and the rising cost of living make it harder for them to pay down their balances, according to a new survey. But 31% of Millennials pointed to daily expenses as the main reason for their credit card debt. The survey found that rising costs would have a major impact on 41% of total credit card holders, and on more than half of those with outstanding debts. It also helps that American credit card balances are down 4% compared to late 2019.

☆ Wall Street is on a knife's edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Analysis Allison Morrow | Cnn Business | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife's edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses , effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄...You get the idea.

☆ Wall Street is on a knife’s edge until Jay Powell speaks
▼ + stars: | 2022-09-19 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

Financial markets are on a knife’s edge, and have been for weeks, as they await word from the central bank on how much monetary tightening to expect. On Monday, Wall Street vacillated between slight gains and losses, effectively in a holding pattern while investors awaited word from the Silver Fox himself, Mr. Federal Reserve Chairman Jerome Hayden Powell. Fed Chair Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee in July. Of course, emoticons became emoji (style note: the plural of emoji is emoji), and our text conversations added a new layer of meaning. Like, check this out:OK, fine 😂OK, fine 😔OK, fine 🙃OK, fine 🙄…You get the idea.

According to RenoFi, the average price of a single-family home in the U.S. could reach $382,000 by 2030. For example, the average price of a home in New York City this year is $795,000, but the average price around Albany in Upstate New York is $227,500, according to Redfin trends. It projects that San Francisco will have the highest average home value in the country at a staggering $2,612,484. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. So if you want to buy a $400,000 home in 2030, you've got 9 years to start saving.

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