Housing sets the stage, but the Fed, PCE are the main event
By Orphe Divounguy | The Center Square contributor (The Center Square) – This week begins with housing, but the real macro story comes later: the Federal Reserve chair’s press conference and the Personal Consumption Expenditures inflation report. The Case-Shiller home price index will likely confirm what Zillow’s data already showed: home-price growth has cooled. Because Case-Shiller is lagged by almost two months, it should mostly validate a slowdown that appeared earlier in Zillow’s more timely home value and market data. National home values are now mostly unchanged from ...