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US home prices hit another new peak in June amid short supply, while existing home sales fell for the fifth straight month.
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US home prices hit another new peak in June amid short supply, while existing home sales fell for the fifth straight month.
US retail sales shot up one percent in June amid the ongoing surge in prices.
US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden.
The US economy added far more jobs than expected in June and wages rose, according to government data released Friday.
A key US inflation measure showed price increases held steady in the 12 months ended in May, while consumer spending growth slowed sharply, a...
The median US home price broke above $400,000 for the first time, sending existing home sales in May falling for the fourth straight month.
US inflation resurged in May, defying hopes price pressures would slow, and posting the largest increase since December 1981.
The torrid pace of US inflation may have eased slightly in May, but prices have remained high to the detriment of Americans' wallets.
US job gains continued in May but at a slower pace, and rapid wage gains cooled as well.
Americans' feelings about the economy deteriorated in May amid concerns about job prospects.