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Stock impact report

Housing costs are clouding an otherwise glowing economy [CNN]

Federal National Mortgage Association (FNMA) 
Company Research Source: CNN
The numbers are in and the hot takes have been tweeted: Inflation is cooling , the stock market is humming right along, wages keep going up and jobs abound. Blessings upon this economy. But most Americans aren't exactly ready to pop open the Champagne just yet. We're still languishing in a “vibecession” of sorts , even as surveys show that people generally feel pretty good about their own personal finances. Despite all the good news, there's one giant, inescapable reason why people don't feel like the economy is as good as it actually is. Rent, and housing generally, is still too damn high. See here: The Consumer Price Index came in at 3.3% last month on an annualized basis. Meaning prices on the everyday goods and services you buy are about 3.3% higher on average than they were a year ago. Prices for some items are even going down at some major retailers , after executives realized their customers had enough of their pricing power shenanigans. If you take a look at “superc Show less Read more
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