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Real Estate News Brief - Week Ending April 2, 2022 Prices Move Higher, Fed Misstep Worries, Biden’s Housing Budget In this Real Estate News Brief for the week ending April 2nd, 2022... consumer prices march higher, Wall Street worries about how the Fed will handle inflation, and Biden’s budget proposal for housing. 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 more concerns about inflation. The core personal consumption expenditures price index increased 5.4% from a year ago. That’s the largest year-over-year increase in 40 years. The PCE is considered more accurate than the consumer price index or CPI, and is the Fed’s preferred inflation gauge. The core rate excludes prices for gas and food. If you include those, the PCE is 6.4%. (1) Consumers are spending a larger share of their paychecks because of those higher prices, but they are also splurging on things l