Individuals with mortgages saw their equity climb by 20 percent in the first quarter from a year earlier. And broken down further, that’s an average gain of $33,400 for each homeowner.
NEW YORK, June 10 ― Wall Street ended a see-saw session lower yesterday as market participants awaited inflation data for clues as to when the US Federal Reserve might tighten its dovish monetary policy. The retail “meme stock” craze continued unabated. All three major US stock indexes.
Sources: Bureau of Labor Statistics
By Ella Koeze
But the strong monthly figure for May, which came on the heels of a sharp rise in April, showed that prices have been moving up quickly for more than just technical reasons. The critical question is whether that is a transient trend tied to reopening or something more persistent.
“We are at peak heat, this is the moment,” said Julia Coronado, founder of the research firm MacroPolicy Perspectives, who expects inflation to remain in line with the Federal Reserve’s 2 percent average goal over time. “We know we’ll get a fade the question is, how big is the fade?”