Americans are saving half a billion dollars per month on home internet costs thanks to a federal benefit passed as part of the bipartisan infrastructure bill
Americans are saving half a billion dollars per month on home internet costs thanks to a federal benefit passed as part of the bipartisan infrastructure bill https://t.co/hrjAFlMt8T
— Bloomberg (@business) February 27, 2023
Elon Musk calls U.S. media and schools ‘racist against whites & Asians’
Elon Musk calls U.S. media and schools 'racist against whites & Asians' https://t.co/IbEKuGn6Up
— CNBC (@CNBC) February 27, 2023
Goldman: Start-of-the-year price increases were expected to lead to a temporary bump in inflation, but recent news has been even more unfavorable.
Goldman: Start-of-the-year price increases were expected to lead to a temporary bump in inflation, but recent news has been even more unfavorable.
Core PCE is still expected to fall significantly, from +4.7% last month to +3.3% in December (vs +2.9% in a forecast one month ago) https://t.co/RPMbVimNDS
— Nick Timiraos (@NickTimiraos) February 27, 2023
Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January.
Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January.
Renters with new leases paid a median rent that was 3.5% lower than they would have paid last August https://t.co/WlKQQARZH2
— Nick Timiraos (@NickTimiraos) February 27, 2023
Core PCE inflation in January
Core PCE inflation in January
Three-month annualized rate: 4.8%
Six-month annualized rate: 5.1%
12-month change: 4.7% pic.twitter.com/jmw9ZOYdsy— Nick Timiraos (@NickTimiraos) February 24, 2023
Starting to roll out today, #GoogleOne members — on Android and iOS — will be able to enjoy #MagicEraser, a new HDR video effect, free shipping on select print store orders and more so you can easily perfect all of your memories in Google Photos.
Starting to roll out today, #GoogleOne members — on Android and iOS — will be able to enjoy #MagicEraser, a new HDR video effect, free shipping on select print store orders and more so you can easily perfect all of your memories in Google Photos.https://t.co/npIMRVbMUT pic.twitter.com/V2IJLonNaP
— Google Photos (@googlephotos) February 23, 2023
Fed officials have focused attention on inflation in services that exclude housing, given the potential for it to be stickier
Fed officials have focused attention on inflation in services that exclude housing, given the potential for it to be stickier (and because housing inflation is set to slow)
January core PCE services inflation ex-housing:
3-month annualized rate: 5.2%
12-month change: 4.5% pic.twitter.com/pKNsYQTLJy— Nick Timiraos (@NickTimiraos) February 24, 2023
The Dallas Fed trimmed mean PCE inflation rate in January posted its largest monthly increase since June
The Dallas Fed trimmed mean PCE inflation rate in January posted its largest monthly increase since June
The 12-month change for November and December were revised up to 4.7% each from 4.6% and 4.4%, respectively. The 12-month change for January was 4.6%. https://t.co/SoOHbr4djw pic.twitter.com/759v12SFsm
— Nick Timiraos (@NickTimiraos) February 24, 2023
Researchers at the Fed conclude in a new paper that Covid caused a “demand reallocation shock.”
Researchers at the Fed conclude in a new paper that Covid caused a "demand reallocation shock."
Their model finds this shock "is able to explain a large portion—3.5 percentage points—of the increase in U.S. inflation post-pandemic." https://t.co/tggnxc5xe9 pic.twitter.com/2z0YBRVWnF
— Nick Timiraos (@NickTimiraos) February 22, 2023