Video Transcript
The Fed's favorite inflation gauge - PCE - it just came out and shows consumer prices are unchanged from last month, pretty much the same from a year ago. The report was released Friday morning. Mortgage rates have barely reacted. That's the good news. But here's the twist. The last time a government agency reported weak numbers about the economy, that afternoon, the head of the agency was fired. I want to believe this inflation report is correct. I believe in our data institutions and the people that lead them. But what about you? Is this Cost of Living report matching what you're seeing in your bills? Let's punt for another month. We'll see how it goes. I'm Dan with Homebuyer.com. Happy homebuying.
Is Today's Inflation Data Accurate & Truthful? #pce
The PCE inflation gauge shows consumer prices remained unchanged from last month and are similar to levels from a year ago. Mortgage rates have shown little reaction to this report released on Friday.
Video Transcript
The Fed's favorite inflation gauge - PCE - it just came out and shows consumer prices are unchanged from last month, pretty much the same from a year ago. The report was released Friday morning. Mortgage rates have barely reacted. That's the good news. But here's the twist. The last time a government agency reported weak numbers about the economy, that afternoon, the head of the agency was fired. I want to believe this inflation report is correct. I believe in our data institutions and the people that lead them. But what about you? Is this Cost of Living report matching what you're seeing in your bills? Let's punt for another month. We'll see how it goes. I'm Dan with Homebuyer.com. Happy homebuying.
