Economic statistics for 19 Oct 11
Today’s economic statistical releases:
Consumer price inflation remains warm, with the overall CPI up 0.3% for the month, and 3.9% for the year. The core rate—less food and energy, or, stuff you don’t need to buy every day—rose 0.1% for the month and 2% for the year.
Housing starts in September were 658k, up 10.2% on a year-over-year basis. Housing permits, however, fell 5% to 594k, but up 5.7% from last year.
The Mortgage Bankers Association reports a short Columbus Day week saw mortgage applications fall -14.9%.
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Dale Franks
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So, how much am I losing if I keep my money in a CD at the bank, because I am not getting above 2% and certainly not 3.9%.