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The Real Estate News Brief: 2 Great Reports on Inflation, Why BofA is Refunding Millions, Top 10 State Economies
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:06:33
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Sinopsis
In this Real Estate News Brief for the week ending July 15th, 2023... the best inflation news in a long time, why you might get some money back from BofA, and a ranking of state economies with two of my favorites at the top. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Economic News We begin with economic news from this past week, and the big news came from two promising inflation reports. With a tiny .2% increase in June, the Consumer Price Index, or CPI, shows that inflation is slowing down. The June reading is down from a .3% increase in May, and brings the annual rate down from 4% to 3%. It’s the lowest rate of inflation we’ve seen since March of 2021. The core rate of inflation, which omits food and gas, rose the same .2%, but the annual rate is still on the hot side. It’s currently at the 4.8% level. The core rate is considered a better gauge for price growth, and is still well above the 2% target the Fed is aim