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US GDP

US consumer inflation surges in April

US consumer inflation surges in April

  • Consumer prices as measured by the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 0.7% last month after gaining 0.4% in March, the Commerce Department said on Friday. In the 12 months through April, the so-called core PCE price index vaulted 3.1%. That followed a 1.9% year-on-year gain in March.
Published 28 May, 2021 07:08pm
US homebuilder confidence steady in May, survey shows
World

US homebuilder confidence steady in May, survey shows

  • "Builder confidence in the market remains strong due to a lack of resale inventory, low mortgage interest rates, and a growing demographic of prospective home buyers," NAHB Chairman Chuck Fowke said in a statement.
  • "Policymakers must take note and find ways to increase production of domestic building materials, including lumber and steel, and suspend tariffs on imports of construction materials," Fowke said.
Published 17 May, 2021 08:47pm