RealPage Economy Express Episode 13

by   Arben Skivjani
  Posted   October 24, 2023
  in   Economy Express ,   Insights

Episode 13: Will we have another rate hike?

  • U.S. employment was up by a surprisingly strong 336,000 jobs in September, notably surpassing economists’ expectations, according to the Bureau of Labor Statistics.
  • Average hourly earnings rose by 4.2% over the past year, outpacing inflation.
  • Inflation reports showed a mixed picture, with producer and consumer prices increasing, including a notable 4.1% annual rise in Core CPI.
  • Retail Trade Sales saw a 3% annual increase, reflecting steady consumer spending, according to the U.S. Census Bureau’s Advanced Monthly Sales Report.
  • The Federal Reserve anticipates continued improvement in the labor market but does expect to increase prices during the holiday shopping season. 

For more information on the state of the U.S. Economy, including forecasts, watch all the episodes of the Economy Express series.

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