US New Home Sales Collapse By Most In 13 Years In January

Core PCE Rises Most In 3 Years; Savings Rate Tumbles As Spending Far Outpaces Income The Fed's favorite inflation indicator - Core PCE - rose 0.3% MoM in January (as expected), a dip from the 0.4% sequential increase in February, with YoY rising by 3.2% (also as expected), slightly higher than the 3.0% in Feb. That is the highest annual increase in Core PCE since Nov 2023.  The headline PCE jumped notably more, as expected since it includes non-core items like energy and food, rising 0.7% MoM (as expected) driving prices up...

Pakistan Talks In Peril As Iran Now Demands Lifting Blockade Of Its Ports, After US Navy Boarded Another Vessel Summary Still no sign or confirmation that Iranian delegation is en route. Vance seen still attending White House meetings Tuesday. Iran newly demands lifting of US blockade as Wed ceasefire expiration looms. Neither side wants to appear 'weak' by flying to Pakistan first without the other side having already clearly committed. Trump warns: 'Expect...bombs' & urges Tehran "release women" said to be on death row. Overnight, US forces conducted a right-of-visit, maritime interdiction and...

Archbishop Paul Coakley, head of the US Conference of Catholic Bishops (USCCB), has condemned President Trump’s threat to destroy a “civilization” in Iran and urged an end to the war, echoing Pope Leo XIV’s appeals for peace. “The threat of destroying a whole civilization and the intentional targeting of civilian infrastructure cannot be morally justified. […]