Inflation, producer prices
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PotlatchDeltic (NASDAQ:PCH) +2.2% in Wednesday's trading as Truist upgraded the lumber real estate investment trust to Buy from Hold with a $52 price target, raised from $44, believing the stock is well positioned to benefit from rising lumber prices.
Oil prices rose on Wednesday on expectations of steady demand in the U.S. and China, the world's two largest oil users, amid an improving economic outlook. Brent crude futures rose 29 cents, or 0.42%,
The US housing market is close to stalling out, with prices in more than half the country’s top 100 housing markets now below their peak, according to the latest data from Intercontinental Exchange.
The United States Postal Service's stamp price increase will go into effect on Sunday, July 13. Here's how much they'll cost.
Economists expect rising prices to continue into the summer and the rest of the year, due to the quick and staggered nature of the tariffs. What they call a “price creep” won’t be sudden, but will steadily show in consumer goods and costs during these next few months.
The postal service said the "price adjustments are needed to achieve the financial stability sought by the organization's Delivering for America 10-year plan."
The figure for June marks the fastest rate of inflation, which measures how quickly prices are rising, since January 2024.
San Francisco's Double Dip: New-home prices in San Francisco were 18.2% below their peak of approximately $1.2 million. It was also the lone market where April 2025 prices were below 20219 levels (down 15.1%).