The median US home price surpasses $400,000 for the first time. Existing home sales decrease for the fourth consecutive month in May. Sales pace slowed to a seasonally adjusted annual rate of 5.41 million last month, which was 8.6 percent lower than May 2021. The median US home prices surpassed $400,000 for the first time, … Read more
Orders for US-made, large-price tag manufactured goods persevered their upward trend final month, although at a slower pace, pushed frequently by means of demand for commercial aircraft, consistent with authorities data launched Wednesday. Durable goods orders rose 0.4 percent in April, the Commerce Department stated, barely less than what analysts had anticipated but nevertheless indicating … Read more
WASHINGTON: The US consumer prices jumped last year at the fastest pace in four decades, the government confirmed on Wednesday, underscoring the potent inflation wave that has sapped public support for President Joe Biden even as the economy recovers from the pandemic. The seven per cent increase in the Labor Department’s consumer price index (CPI) over … Read more
