Gary Thayer Quotes
The October home sales data were strong, but we are seeing more moderate price increases for new homes suggesting that the housing market is gradually cooling off. 
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October | Sales | Data | Strong | Moderate |
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The personal consumption expenditure (PCE) price deflator was revised from 0.7 percent annual rate to 1.0... That's still very low, but it was revised upward instead of downward. There is possibly some building inflationary pressure, but it's still very benign.
- Gary Thayer
