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Housing wealth gains record $1.2 trillion, but signs suggest market is cooling

Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade.David Paul Morris | Bloomberg | Getty ImagesHomeowners are in the money, and it...

Inflation expectations hit record levels in May, New York Fed says

People shop in a supermarket as inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022.Andrew Kelly | ReutersConsumer expectations for inflation and spending in the year ahead both hit record levels in May, the same month prices rose at...

Wholesale prices rose 10.8% in May, near a record annual pace

Wholesale prices rose at a brisk pace in May as inflation pressures mounted on the U.S. economy, the Bureau of Labor Statistics reported Tuesday.The producer price index, a measure of the prices paid to producers of goods and services, rose 0.8% for the...

Texas power demand breaks record as severe heat wave hits the state

Yvette Johnson, 54, sits next to a fan outside of her families home on June 10, 2022 in Houston, Texas.Brandon Bell | Getty ImagesPower demand recently hit a record high in Texas amid a severe heat wave and will likely break more records...

Inflation outlook for consumers falls from record, Fed survey shows

A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022.David Paul Morris | Bloomberg | Getty ImagesConsumers grew a little more optimistic about inflation in April, though they still expect to be spending considerably more in the year...

U.S. Gas Prices Reach New Record High – Silver Doctors

The cost of gasoline in the United States continues to skyrocket…  by Mac Slavo of SHTFplan The cost of gasoline in the United States continues to skyrocket.  It has now reached a new all-time high of $4.67 per gallon. According to AAA, that leaves gas prices...