Dr. E.J. Antoni is a public finance economist at The Heritage Foundation. This article is edited and adapted from prepared remarks delivered today before the U.S. Senate Committee on Banking, Housing and Urban Affairs. Over the last three years, prices have risen...
For more than 60 years, home prices have raced ahead of inflation levels – and the gap has expanded considerably over the past decade. According to a new data analysis from St. Louis-based Clever Real Estate, home prices today are 24 times higher than they were in...
An underlying measure of inflation was stronger than expected last month, introducing greater uncertainty over when the Federal Reserve will lower interest rates. The U.S. Department of Labor Department’s Consumer Price Index (CPI) reported prices rose last month by...
Federal Reserve Chairman Jerome Powell confirmed that the central bank will cut rates, but stopped short of offering a possible timeline on when rates will come down. In prepared remarks delivered today before the U.S. House Financial Services Committee, Powell noted...
The head of the Federal Reserve Bank of Atlanta has credited the central bank’s rate policy for bringing down inflation, but he warned it was much too early to talk about cutting rates. In a speech delivered at New York University, Atlanta Fed President and CEO...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
