The Fed Needs to Keep It Simple

Published on September 29, 2025

I take Jerome Powell at his word when he says that he and his colleagues at the Federal Reserve are determined to get inflation back to its 2% target.

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Pending Home Sales Jump 4.0% in August, More Than Expected

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The National Association of Realtors® (NAR) pending home sales index jumped to its highest level in five months, coming in at 74.7 in August. This marks a 4.0% increase from July, significantly higher than the expected 0.2% monthly rise, and a 3.8% increase from one year ago.

Two Measures of Inflation: August 2025

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Inflation remains a hot topic, directly impacting everything from your grocery bill to interest rates. As of August 2025, two key inflation gauges — the Personal Consumption Expenditures (PCE) Price Index and the Consumer Price Index (CPI) — show that prices are still above the Federal Reserve's 2% target, with the core PCE at 2.9% and core CPI at 3.1%.