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Here are a few measures of inflation: Click on graph for larger image. Services were up 4.1% YoY as of February 2025, down from 4.2% YoY in January. The second graph shows that goods prices started to increase year-over-year (YoY) in 2020 and accelerated in 2021 due to both strong demand and supply chain disruptions. Durables were at -1.2% YoY as of February 2025, unchanged from -1.2% YoY in January. Here is a graph of the year-over-year change in shelter from the CPI report (through February) and housing from the PCE report (through January) Shelter was up 4.2% year-over-year in February, down from 4.4% in January. Housing (PCE) was up 4.5% YoY in January, down from 4.7% in December. This is still catching up with private new lease data. Core CPI ex-shelter was up 2.2% YoY in February.
The formerly anti-government bitcoin movement abandons its principles in favor of number-go-up, applauds federal plan to stockpile seized crypto with no clear benefit to national interest
Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in February A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to February 2019 for each local market (some 2019 data is not available). Here is a look at months-of-supply using NSA sales. Since this is NSA data, it is likely months-of-supply will increase into the Summer. There is much more in the article.
Plus! Divided Attention; Demand; Buying Low?; The Stuff Tax; Mispriced Derivatives
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 7.7 million in January, the U.S. Bureau of Labor Statistics reported today. Hires held at 5.4 million, and total separations changed little at 5.3 million. Within separations, quits (3.3 million) and layoffs and discharges (1.6 million) changed little. emphasis added This report is for January; the employment report last Friday was for February. Click on graph for larger image. The number of job openings (black) were down 9% year-over-year. Quits were down 3% year-over-year. These are voluntary separations. (See light blue columns at bottom of graph for trend for "quits").