The rise is due to a surge in post-secondary students signing leases, population growth and homebuyers holding off on purchases
By all measures, inflation has cooled over the past year, moving closer to the Fed’s 2% target level but still remaining persistently above it
Thursday's report is the first of two CPI numbers Fed policymakers will see before their next meeting
Outside tech layoffs early this year, companies have mostly been retaining workers
Increase in residential permit activity ends three straight quarterly declines
Financial pressure likely to intensify as mortgages reprice in years ahead
Nearly three-quarters of hiring execs say they feel positive about the hiring outlook for second half of 2023
Funding, capital strains and real estate risks underpinned the rating actions
Average hourly wages rose faster than expected and will likely worry the Fed
Wage growth rebounded in July, rising 5% year over year