Phoenix Housing Market Slows in 2026 as Median Sale Time Nears Two Months
Homebuyers in Phoenix face longer wait times with a median of 66 days on market, reflecting slower sales amid modest price declines and less buyer competition.
Markets & Macro
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Markets & Macro
China Reports Weakest GDP Growth Since 2022 Amid Slowing Domestic Demand
China’s economy expanded by 4.3% in the second quarter, marking its slowest growth pace since late 2022 as weak consumer demand and external pressures dampen momentum.
Markets & Macro
US Stocks Rebound as June Inflation Slows, Led by Energy Price Drop
Inflation eased to 3.5% in June, driven by a significant fall in energy costs, lifting U.S. stock markets and pushing Treasury yields lower despite persistent price pressures in other sectors.
Markets & Macro
Inflation Retreats but Rising Food and Shelter Costs Keep Consumers Strained
Despite a notable drop in overall inflation driven by falling energy prices, rising food and shelter costs continue to burden households, limiting consumer spending growth.
Markets & Macro
June Inflation Report Shows Broad-Based Price Stability Beyond Energy Decline
The latest inflation data reveals a rare broad-based flattening in consumer prices as core inflation held steady, marking a significant shift beyond energy-driven drops.
Markets & Macro
China Directs Banks to Halt Bill Re-Discounting Below 0.5% Amid Falling Rates
Chinese regulators have instructed banks to stop re-discounting bills at ultra-low rates to prevent market distortions caused by weak loan demand and plunging credit costs.
Markets & Macro
Fed Chair Kevin Warsh Declares Zero Tolerance for Inflation in Congressional Testimony
In his first testimony before Congress, Fed Chair Kevin Warsh emphasized the Federal Reserve’s firm commitment to tackling inflation, signaling a continued focus on monetary tightening.
Markets & Macro
Trump Predicts Inflation Will Stay Low Despite Military Strikes on Iran
President Trump expects inflation to remain steady following renewed military actions against Iran, highlighting recent data showing a notable drop in consumer price growth.
Markets & Macro
All 67 Economists Miss Unexpected Drop in Latest Inflation Report
The Consumer Price Index fell unexpectedly last month, with every economist in a major survey failing to predict the decline, signaling a shift in inflation trends.
Markets & Macro
Fed Chair Warsh Affirms Commitment to Central Bank Independence Amid Trump Pressure
In his first congressional hearing, Federal Reserve Chair Kevin Warsh pledged to uphold the Fed’s independence despite President Trump’s attempts to influence monetary policy and leadership.
Markets & Macro
U.S. Inflation Drops to 3.5% Driven by Sharp Decline in Gas Prices
U.S. inflation slowed to 3.5 percent in June as gasoline prices fell nearly 10 percent, providing temporary relief amid lingering uncertainties in energy markets.
Markets & Macro
Inflation Declines Sharply in June Driven by Lower Gas Prices
Recent Labor Department figures reveal inflation eased more than anticipated in June, helped by falling gasoline costs linked to U.S. diplomatic moves with Iran.