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Still, that is considerably below where inflation was in 2022 and much of last year. Along with the health of the labor market, the Fed considers inflation among the key economic data points to watch as it looks to start cutting interest rates this year. “If inflation comes in below expectation, the markets will cheer the welcome news that the economy and the job market can remain solid without increasing inflation. On Friday, more inflation data will be released with the January producer price index – a measure of what businesses pay for the products and services they sell. The PPI is often a predictor of future inflation as it shows prices that are early in the pipeline and often passed on to consumers.

Persons: ”, Skyler Weinand, Regan, Venkat Balakrishnan, Jerome Powell, “, Dan North, “ Powell, Melissa Brown, Signifyd, ” Signifyd Organizations: Labor, Federal Reserve, Dow, Industrial, Regan Capital, Fed, Federal Reserve Bank of Atlanta, Allianz Trade, ”, PPI Locations: North America

Home prices rose 0.4% in August and at an annual rate of 2.6%, as low inventories buoyed prices even while mortgages hit the 7% level. The CoreLogic Case-Shiller index for the month found 12 of the 20 cities in the index saw higher prices in August from the year-ago period. home prices continued to rise in August 2023,” said Craig J. Lazzara, managing director at S&P DJI. “The year’s increase in mortgage rates has surely suppressed housing demand, but after years of very low rates, it seems to have suppressed supply even more. Political Cartoons on the Economy View All 604 Images“The affordability challenge is being exacerbated by persistently higher mortgage rates,” said Lisa Sturtevant, chief economist for Bright MLS.

Persons: ”, Craig J, Lazzara, ” Selma Hepp, Lisa Sturtevant, Hannah Jones, That’s, Rhys Williams, It’s, Venkat Balakrishnan, –, Dana Peterson, “, ” Peterson Organizations: Bright MLS, Federal Reserve, ”, Census Bureau, “, Realtor.com, Management, Fed, Conference Board, Hamas, Financial Group Locations: Chicago, New York, Detroit, Las Vegas, “, Israel

Employers added 187,000 jobs in August, above expectations and in line with a labor market that is rebalancing back to normal, the Labor Department reported on Friday. Other labor market data released this week showed a gradual softening of demand for workers from employers. And private payroll firm ADP’s monthly jobs survey for August found employers added 177,000 jobs in the month, below expectations. “Clearly, the labor market is softening,” says Tony Welch, chief investment officer at Signature FD. The downshift reverses a period of high growth for the labor market coming out of the pandemic.

Persons: ”, Venkat Balakrishnan, Scott Hamilton, Tony Welch Organizations: Labor Department, Federal Reserve, Resources, Compensation Consulting Locations: Washington

☆ The Fed needs the economy to slow from here. These funds could outperform
▼ + stars: | 2023-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

And while Fed Chair Jerome Powell said that the central bank's staff does not predict a recession, he did say that the economy will need to further slow in order to defeat inflation. "We have seen the impact, but not to the extent that the market expected or the Fed expected. He pointed to the iShares MSCI USA Quality Factor ETF (QUAL) and the JPMorgan U.S. Quality Factor ETF (JQUA) as funds that are capturing some of the market rally without adding outsized risk. Those are growth-oriented defensive equities with strong balance sheets, high revenue growth, which is what investors seek during slow revenue or slow economic environments," Smith said. QUAL YTD mountain This quality factor ETF has risen more than 20% this year.

Persons: Jerome Powell, Powell, Venkat Balakrishnan, Savita Subramanian, Andrew Smith, Smith, Charles Champagne Organizations: Federal, " Bank of America, Delos Capital Advisors, CNBC, JPMorgan U.S, Quality, Visa, Mastercard, of America, Investors, Bank of America Locations: U.S, Dallas

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