Fed officials divided on US inflation views; US home prices hit all-time high
Fed officials debated inflation outlook amid energy shock; U.S. home prices hit a record $440,600, up 1.8%, affecting affordability, NAR reported.
- The Federal Reserve's rate-setting committee is split over whether inflation will remain elevated or cool once the Iran war ends, according to minutes released this week under new Chair Kevin Warsh.
- While existing home sales fell 2.4% last month to a 4.09 million annual rate, median U.S. home prices climbed to an all-time high in June, according to the National Association of Realtors.
- Labor Department data shows U.S. jobless claims dipped by 2,000 to 215,000 for the week ending July 4, though employers added only 57,000 jobs in June, signaling business caution.
- The International Monetary Fund downgraded its 2026 global economic growth outlook to 3%, citing energy shocks from the Iran war, with growth expected to rebound to 3.4% next year.
- Global oil demand may decline by 1 million barrels per day in 2026 due to supply disruptions, the International Energy Agency reports, as Wall Street markets drifted Friday amid uncertainty over the war.
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Everyday Economics: Inflation may have peaked. That does not mean the Fed is ready to cut
The Federal Reserve left interest rates unchanged last month, but its latest projections showed a committee that is increasingly divided over what comes next. The post Everyday Economics: Inflation may have peaked. That does not mean the Fed is ready to cut first appeared on [your]NEWS.
Fed minutes: Officials deeply divided over future path of US inflation
A Federal Reserve rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according...
Associated Press News
America In Focus: Fed officials divided on US inflation views; US home prices hit all-time high
The Federal Reserve’s rate-setting committee is split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday.
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