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Better inflation data won’t sway the Fed

Housing Wire

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. The headline inflation data came in lower than anticipated. I believe the Federal Reserve won’t pivot until the labor market breaks.

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NAR Appraiser Survey July, 2023

Appraisal Today

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. This year, this option was broken into three separate AMC-related issues. This is up sharply from 27 percent last year. A very good graphic is included for each section.