Watch Fed Chair Jerome Powell speak live at a European Central Bank forum

The appearance will feature a question-and-answer session with the U.S. central bank chief....(read more)

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

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 0.2% October. The 16% trimmed-mean Consumer Price Index rose 0.1% in October. "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' (BLS) monthly CPI report". Note: The Cleveland Fed released the median CPI details for October  here . Car and Truck rentals increased at a 136% annualized rate ......(read more)

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Consumer Prices Unchanged in October

Headline inflation and core inflation have decelerated for the past three months, after increases of 0.6% in June and July. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) was unchanged on a seasonally adjusted basis, after 0.6%, 0.4% and 0.2% increases in the past three months. Excluding the volatile food and energy components, "core" CPI... Read More › The post Consumer Prices Unchanged in October first appeared on Eye On Housing ....(read more)

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Weekly Initial Unemployment Claims decreased to 709,000

The DOL reported : In the week ending November 7, the advance figure for seasonally adjusted initial claims was 709,000 , a decrease of 48,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 751,000 to 757,000. The 4-week moving average was 755,250, a decrease of 33,250 from the previous week's revised average. The previous week's average was revised up by 1,500 from 787,000 to 788,500. emphasis added This does not include the 298,154 initial claims for Pandemic Unemployment Assistance (PUA) that was down from 361,959 the previous week. (There......(read more)

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BLS: CPI unchanged in October, Core CPI unchanged

From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis after rising 0.2 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.2 percent before seasonal adjustment. ... The index for all items less food and energy was unchanged in October following an increase of 0.2 percent in September. The index for shelter increased 0.1 percent in October, which was offset by a 0.4-percent decrease in the index for medical care. The indexes for airline fares, ......(read more)

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Treasury yields dip ahead of key economic data and Fed chair's speech

U.S. Treasury yields fell on Thursday ahead of key economic data due to be released later in the day and a speech by Federal Reserve chair Jerome Powell....(read more)

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Big drop in Manhattan apartment prices begins to lure back younger renters

Manhattan real estate may be turning the corner. New rentals rose for the first time in over a year and sales activity has started to creep higher....(read more)

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