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via finance.yahoo.comEconomy

US home prices rise slower than inflation in August as oil stays above $100

FROM THE WIRE · FINANCE.YAHOO.COM

Pre-market futures are up again this morning, one week away from U.S. midterm elections and one day away from new Fed policy announced by the latest FOMC meeting. Oil prices are high but holding steady — $100 per barrel (/bbl) on WTI and $114/bbl on Brent crude — but investors…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishCPI inflation at 3.4% and the eve of the FOMC decision weigh on rate expectations and market sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Case-Shiller index rose 2.1% overall and 2.7% on the 20-city survey.
  2. 02August CPI inflation stands at 3.4%, above home price growth.
  3. 03WTI crude is at $100 per barrel and Brent at $114.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
S&P 500INDEX:SP500Index7,728.91+0.04%today +0.68%Positive Crude Oil WTICOMMODITY:WTICommodity100.07 USD+0.01%today -1.66%Positive Brent Crude Oil (continuous future)COMMODITY:BRENTCommodity114.19 USD+0.28%today -1.40%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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