Economy

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Don’t look now, but inflation may be about to surge

Fed: Slower growth, less optimism in some regions   Wednesday, 31 May 2017 | 2:00 PM ET | 01:14 The U.S. economy continued to grow at a steady, if sluggish, pace from early April through late May, according to the Federal Reserve‘s latest survey of regional economic conditions. That slow pace also helped keep inflation in check, according to comments from the businesses polled by the central bank’s 12 regional districts. “On balance, pricing pressures were little changed from the prior report,” the central bank said in its Beige Book report on the economy.

Here’s how long it will take young people to afford to buy a home

Eighty percent of millennials report that they would like to buy a home, and a majority even say that it’s part of their five-year plan. Yet 68 percent have less than $1,000 saved. Almost half, or 44 percent, have saved nothing at all, according to new data from Apartment List. Apartment List reports that “72 percent [of millennials] said affordability is the primary obstacle” to purchasing real estate. And many of those who have been to college are hampered by the loans they had to take out to finance their educations. According to their findings, “high levels of student debt…

A region-by-region breakdown of where the economy stands right now

 Fed: Slower growth, less optimism in some regions   Wednesday, 31 May 2017 | 2:00 PM ET | 01:14 The U.S. economy continued to grow at a steady, if sluggish, pace from early April through late May, according to the Federal Reserve‘s latest survey of regional economic conditions. That slow pace also helped keep inflation in check, according to comments from the businesses polled by the central bank’s 12 regional districts. “On balance, pricing pressures were little changed from the prior report,” the central bank said in its Beige Book report on the economy.