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Everyday economics: Inflation, housing data in focus amid Fed policy uncertainty | National

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www.thecentersquare.com – Orphe Divounguy – (The Center Square – ) 2025-06-23 05:41:00


Federal Reserve Governor Christopher Waller plans a speech amid uncertainty about tariffs’ economic impact. He supports a 25 basis point rate cut followed by a pause to assess inflation. This week’s housing data will be revealing: new homes maintain a large sales share, while existing home sales from April reflect earlier market jitters. Consumer confidence in May may boost contracts. The Case-Shiller index indicates slowing home price growth with expected year-over-year declines. Zillow data shows mixed metro area trends. Builders adjust prices for affordability, sustaining moderate new home sales. The key event is the PCE inflation report, revealing consumer finances and inflation trends, which could influence Fed policy amid stagflation concerns.

(The Center Square) – The week begins with Federal Reserve Governor Christopher Waller’s upcoming speech. In his last remarks, Waller suggested that current monetary policy is restrictive enough to allow for a 25 basis point rate cut, followed by a pause to assess inflation trends. This gradual approach makes sense given the uncertainty around potential tariff impacts on the economy.

Housing Market in Focus

This week delivers a flood of housing data that should provide key insights into market dynamics.

Both existing and new home sales reports will likely confirm that new homes continue to capture an unusually large share of total sales. The existing home sales data reflects contracts signed in April, during peak uncertainty that sent stock markets tumbling. However, improved consumer confidence in May should show up as more homes going under contract that month.

The Case-Shiller home price index will confirm trends we already know from more timely data sources like Zillow – it typically lags by over a month. Nationally, home price growth is slowing and prices are expected to decline year-over-year.

Recent Zillow data shows home values rose month-over-month in 36 of the 50 largest metro areas in May. The biggest gains appeared in Buffalo and Cleveland (both 1.7%), Milwaukee (1.5%), Hartford (1.4%), and Pittsburgh (1.4%). The steepest declines hit San Jose (-0.8%), Miami (-0.4%), San Francisco (-0.3%), Austin (-0.2%), and Orlando (-0.1%).

Home builders continue adjusting profit margins to make their properties affordable for buyers. This should drive sustained – though more moderate – increases in new home sales, especially since builders face less competition from existing homeowners reluctant to sell.

The Big Event: PCE Inflation Data

The week’s most crucial release will be the PCE inflation report. The personal income and spending components will reveal how consumers are managing their finances. Any increase in precautionary savings could signal an economy poised to cool further in the second half of 2025.

The price index will likely show that goods inflation has firmed up somewhat, slowing the overall pace of disinflation. If inflation comes in higher than expected, it could heighten stagflation concerns – particularly if tariffs materialize – potentially keeping the Fed on the sidelines and preventing rate cuts.

The post Everyday economics: Inflation, housing data in focus amid Fed policy uncertainty | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

The content presents a straightforward economic report focusing on recent and upcoming data related to monetary policy, the housing market, and inflation without expressing partisan opinions or ideological viewpoints. The language is factual and objective, describing economic indicators and Federal Reserve commentary without framing them in a manner that supports or criticizes any political party or ideology. The article primarily reports on the positions and actions of nonpartisan institutions like the Federal Reserve and economic trends, maintaining a neutral tone that adheres to factual reporting rather than promoting a specific ideological stance.

News from the South - North Carolina News Feed

Transportation energy prices skyrocket over weekend | North Carolina

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www.thecentersquare.com – By Alan Wooten | The Center Square – (The Center Square – ) 2025-06-23 08:20:00


Transportation fuel prices in North Carolina surged recently, with regular unleaded gasoline rising 6 cents statewide last week, and up to 17 cents in some areas. The average price is $2.92 per gallon, still 30 cents below the national average of $3.22. Diesel averages $3.53, slightly below the national $3.67. Neighboring states show mixed prices, with Tennessee and South Carolina lower, and Georgia and Virginia higher. North Carolina’s electric vehicle charging costs average 33.1 cents per kWh, below the national 36.1 cents. The state’s 2025 gas tax is 40.3 cents per gallon, funding transportation projects through the Highway Fund and Highway Trust Fund.

(The Center Square) – Transportation energy prices skyrocketed over the weekend in North Carolina, with a gallon of unleaded regular gasoline up 6 cents on average in the past week.

In some locations, the rise from Friday to Monday was 17 cents.

The state’s $2.92 average remains 30 cents below the national average of $3.22, with the highest averages in central northern border counties and along the coast. One stretch with the lowest is from Fayetteville to the southeast toward South Carolina’s perennially lower costs.

Combustion engine consumers, which make up more than 8 million vehicle registrations, are paying $3.53 on average for diesel. Nationally, it’s $3.67.

For those traveling out of state, among border states Tennessee ($2.85) and South Carolina ($2.89) are less on unleaded gasoline, and Georgia ($2.96) and Virginia ($3.09) are more. In three weeks, Georgia is up 8 cents, South Carolina 12 cents, Tennessee 15 cents, and Virginia 14 cents.

At the turn of the calendar new year, the statewide average was $2.86, and the national average was $3.04.

North Carolina’s electric vehicle charging rate average, according to AAA, is 33.1 cents per kilowatt-hour. The national average is 36.1 cents per kwh. More than 100,000 zero emission vehicles are registered in the state.

Eleven states have lower average prices for a gallon of unleaded; 19 are lower for diesel; and nine are lower in electric.

Among 14 major metro areas, the least expensive average for unleaded gas is in Jacksonville at $2.84. Most expensive is the Durham-Chapel Hill metro area ($2.97).

Diesel is the most consumer-friendly ($3.43) in Hickory-Lenoir-Morganton.

North Carolina’s 40.3 cents per gallon tax rate for 2025 is topped by California (59.6), Pennsylvania (57.6), Washington (49.4), Illinois (47), Maryland (46.1), and New Jersey (44.9).

The motor fuel excise tax rate in the state is the amount for the preceding calendar year (40.4), multiplied by a percentage. The percentage is plus or minus the sum of the annual percentage change in state population for the applicable calendar year, multiplied by 75% and the annual energy index percentage change in the Consumer Price Index for All Urban Consumers, multiplied by 25%, the state Department of Transportation explains on its website.

Motor fuel taxes in the state go to the Department of Transportation’s highway and multi-modal projects, adding up to just more than half of the state transportation resources. Specifically, the revenues go into the Highway Fund and the Highway Trust Fund.

The post Transportation energy prices skyrocket over weekend | North Carolina appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

This article provides a straightforward report on recent changes in transportation energy prices in North Carolina, including gasoline, diesel, and electric vehicle charging rates. It focuses on factual data such as price averages, regional comparisons, tax rates, and how fuel taxes are allocated within the state. The tone is neutral and informational, without editorializing or framing the information to support any particular political or ideological stance. It reports on government tax policies and market data without expressing opinion or advocating for policy changes, adhering to a balanced, fact-based approach typical of centrist reporting.

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The Center Square

WATCH: U.S. cities on high alert after U.S. bombs Iran | National

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www.thecentersquare.com – Dan McCaleb – (The Center Square – ) 2025-06-22 06:33:00


President Trump announced that the U.S. military successfully executed massive precision strikes on Iran’s key nuclear sites—Fordo, Natanz, and Esfahan—completely destroying their nuclear enrichment capabilities. He described Iran as the Middle East’s bully and the world’s top state sponsor of terror, responsible for over 1,000 U.S. deaths and countless regional casualties. Trump praised Israel’s Prime Minister Netanyahu, the Israeli military, and the U.S. armed forces for their teamwork. He warned Iran that peace must come quickly or face even greater attacks on remaining targets. The operation was described as unprecedented in military history.

Trump on Striking Iran: ‘Peace or Tragedy for Iran’

President Trump: “A short time ago, the U.S. military carried out massive, precision strikes on the three key nuclear facilities in the Iranian regime. Fordo, Natanz and Esfahan. Everybody heard those names for years as they built this horribly destructive enterprise.

Our objective was the destruction of Iran’s nuclear enrichment capacity and a stop to the nuclear threat posed by the world’s number one state sponsor of terror.

Tonight, I can report to the world that the strikes were a spectacular military success. Iran’s key nuclear enrichment facilities have been completely and totally obliterated. Iran, the bully of the Middle East, must now make peace. If they do not. Future attacks would be far greater and a lot easier.

For 40 years, Iran has been saying. Death to America, death to Israel. They have been killing our people, blowing off their arms, blowing off their legs, with roadside bombs. That was their specialty. We lost over 1,000 people and hundreds of thousands throughout the Middle East, and around the world have died as a direct result of their hate in particular. So many were killed by their general, Qassim Soleimani. I decided a long time ago that I would not let this happen. It will not continue.

I want to thank and congratulate Prime Minister Bibi Netanyahu. We worked as a team like perhaps no team has ever worked before, and we’ve gone a long way to erasing this horrible threat to Israel. I want to thank the Israeli military for the wonderful job they’ve done. And most importantly, I want to congratulate the great American patriots who flew those magnificent machines tonight, and all of the United States military on an operation the likes of which the world has not seen in many, many decades.

Hopefully, we will no longer need their services in this capacity. I hope that’s so. I also want to congratulate the chairman of the Joint Chiefs of Staff, General Dan ‘Razin’ Caine, spectacular general, and all of the brilliant military minds involved in this attack.

With all of that being said, this cannot continue. There will be either peace, or there will be tragedy for Iran, far greater than we have witnessed over the last eight days. Remember, there are many targets left. Tonight’s was the most difficult of them all, by far, and perhaps the most lethal. But if peace does not come quickly, we will go after those other targets with precision, speed and skill. Most of them can be taken out in a matter of minutes. There’s no military in the world that could have done what we did tonight. Not even close. There has never been a military that could do what took place just a little while ago.

Tomorrow, General Caine, Secretary of Defense Pete Hegseth will have a press conference at 8 a.m. at the Pentagon. And I want to just thank everybody. And, in particular, God. I want to just say, we love you, God, and we love our great military. Protect them. God bless the Middle East. God bless Israel and God bless America. Thank you very much. Thank you.”

The post WATCH: U.S. cities on high alert after U.S. bombs Iran | National appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Right-Leaning

The content reflects a strong ideological stance consistent with right-leaning political perspectives, particularly those supportive of a hawkish military policy and aggressive foreign intervention. The language used—such as describing Iran as “the world’s number one state sponsor of terror,” referring to Iran as “the bully of the Middle East,” and emphasizing the success and superiority of the U.S. military—indicates a framing that supports a firm, militaristic approach toward Iran. The tone is assertive and nationalistic, praising American and Israeli forces and leadership, which aligns with conservative and pro-defense viewpoints. This is not neutral reporting on the situation or on Trump’s position; rather, it reproduces the former president’s speech in a way that promotes his perspective without contrast or critique, thereby contributing to a right-leaning bias.

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News from the South - Florida News Feed

Supreme Court rules against Florida firefighter who lost health benefits | Florida

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www.thecentersquare.com – By Steve Wilson | The Center Square – (The Center Square – ) 2025-06-20 13:19:00


The U.S. Supreme Court ruled 7-2 that a disabled Florida firefighter, Karyn Stanley, cannot sue the City of Sanford under the Americans With Disabilities Act (ADA) for limiting her post-retirement health insurance to 24 months. Stanley retired due to Parkinson’s disease after 19 years of service. The Court, led by Justice Neil Gorsuch, held Stanley was not a “qualified individual” under ADA as she couldn’t perform essential job functions. Justice Kentaji Brown Jackson dissented, arguing retirement benefits are vital protections against discrimination. Justices Thomas and Barrett criticized the plaintiffs for changing the legal issues mid-case, calling it unfair and inefficient.

(The Center Square) – Litigation cannot be pursued by a disabled Florida firefighter against the city of Sanford under the Americans With Disability Act, the U.S. Supreme Court ruled Friday.

Karyn Stanley, in Stanley v. City of Stanford, sued the city after officials said that her disability entitled her to only 24 months of insurance coverage. Stanley was hired by the city as a firefighter in 1999 and was forced to retire in 2018 due to a Parkinson’s disease diagnosis. 

The city changed its policy in 2003 to provide health insurance for retirees with 25 years of service up to age 65, while those who retired due to disability only received two years of coverage after leaving city service. 

Writing for the majority in the 7-2 decision, Associate Justice Neil Gorsuch agreed with the District Court ruling that said the ADA didn’t give Stanley the ability to sue since she was not a “qualified individual” because “she was not someone ‘who with or without reasonable accommodation, can perform the essential functions of the employment position that such individual holds or desires.'”

That ruling was affirmed by the 11th U.S. Circuit Court of Appeals. 

Gorsuch also said “other avenues may exist for retirees like Ms. Stanley to seek relief” and that other laws might protect retirees from discrimination with respect to postemployment benefits. 

In a dissent, Associate Justice Kentajii Brown Jackson said “retirement benefits are essential building blocks of the American Dream. Workers typically earn these benefits on the job and reap the rewards after leaving the workforce. Congress has long understood that, by enabling workers to retire with dignity, independence, and security, retirement benefits are a critical aspect of job-related compensation.”

She also said in her dissent that the court ignored those rights. 

“It (the court) reaches out to cut off postemployment protection against disability discrimination in a case that does not require us to decide that question; seizes upon the inapposite text of the qualified-individual definition; and converts that text into a temporal limit it was never designed to be,” Jackson said. “Worse still, by doing all this, the court renders meaningless Title I’s protections for disabled workers’ retirement benefits just when those protections matter most.”

In a concurring opinion with the majority, Associate Justice Clarence Thomas, joined by Associate Justice Amy Coney Barrett, took exception with what he termed “a bait and switch” where the plaintiffs asked the court to resolve what he termed a “discrete circuit split” and then asked the court to resolve “an entirely different legal question.” 

“Redirecting us to a different legal question at the merits stage can be disruptive, inefficient, and unfair to all involved,” Thomas said. 

The post Supreme Court rules against Florida firefighter who lost health benefits | Florida appeared first on www.thecentersquare.com



Note: The following A.I. based commentary is not part of the original article, reproduced above, but is offered in the hopes that it will promote greater media literacy and critical thinking, by making any potential bias more visible to the reader –Staff Editor.

Political Bias Rating: Centrist

This article primarily reports on a U.S. Supreme Court decision regarding disability discrimination and retirement benefits without adopting an overt ideological stance. The tone remains factual and neutral, presenting majority, dissenting, and concurring opinions with direct quotes from the justices. It clearly distinguishes the legal reasoning on both sides without endorsing any perspective. The coverage includes perspectives from conservative-leaning justices (Gorsuch, Thomas, Barrett) as well as a dissent from Justice Ketanji Brown Jackson, providing a balanced presentation. Overall, the article focuses on legal facts and judicial viewpoints rather than promoting a partisan or ideological agenda.

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