News
National Economy

Despite Economic Growth Inflation Isn't Rising

May and June saw the US economy continue its expansion, but there is still no indication that inflation will pick up anytime soon.

That’s according to the Federal Reserve, which also said wage pressures were “modest to moderate” while price pressures are very modest, Reuters reports. This is frustrating news for the Fed. It's been trying to bump inflation up to the 2% target for months.

Part of the reason inflation isn't rising is because wages aren’t rising, at least not much. While the US economy experienced strong job growth last month, only Cleveland, Chicago and S.F. reported increased wages for entry-level workers. [Reuters]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI