Instantaneous Inflation in November (and October)
Up for CPI and chained CPI. Figure 1: Instantaneous inflation (T=12, a=4) for PCE deflator (black), for PCE deflator market prices (pink), CPI (blue) chained CPI (red), HICP (green). Red…
2nd Look at Local Housing Markets in November
at Calculated Risk on 12/11/2024 01:49:00 PM Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in November A letter excerpt: NOTE: The tables for…
Median CPI increased 0.2% and Trimmed-mean CPI increased 0.3% in November
at Calculated Risk on 12/11/2024 11:30:00 AM The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price…
CPI Increased 0.3% in November; Core CPI increased 0.3%
at Calculated Risk on 12/11/2024 08:30:00 AM From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent on a seasonally adjusted basis in Novemberafter rising…
Calculated Risk: YoY Measures of Inflation: Services, Goods and Shelter
at Calculated Risk on 12/11/2024 08:57:00 AM Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned when services less rent of…
Mortgage Applications Increased in Weekly Survey
at Calculated Risk on 12/11/2024 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 5.4 percent from one week earlier, according to data…
Calculated Risk: Wednesday: CPI
at Calculated Risk on 12/10/2024 08:06:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will…
The Likelihood of a Plaza Accord 2.0
Mark Sobel at OMFIF discusses the likelihood of a new Plaza Accord to depreciate the dollar. Given one would need Euro area and Chinese agreement, the assessed likelihood is low…
Calculated Risk: CPI Preview
at Calculated Risk on 12/10/2024 03:00:00 PM The Consumer Price Index for November is scheduled to be released tomorrow. The consensus is for a 0.3% increase in CPI, and a…
The Upward Slope of Real House Prices
at Calculated Risk on 12/10/2024 12:14:00 PM Many years ago, I wrote: The upward slope of Real House Prices. I argued that real house prices (adjusted for inflation) had typically…