US home prices rose in February at the fastest pace in more than a year
CNN
US home-price growth accelerated in February at the fastest annual pace since November 2022, a sign that America’s housing market remains tough amid elevated mortgage rates.
US home-price growth accelerated in February at the fastest annual pace since November 2022, a sign that America’s housing market remains tough amid elevated mortgage rates. The S&P CoreLogic Case-Shiller National Home Price Index, a measure of home prices across the country, rose 6.4% in February from a year earlier, a bigger increase than the 6% registered in January. On a monthly basis, the index advanced a seasonally adjusted 0.4% in February. This story is developing and will be updated.

Trump’s major gamble on China continues to pay off, with Chinese negotiators willing to make some concessions. Trump has maintained very high tariffs on America’s second-biggest trading partner without tipping the economy into recession. But Xi holds trump cards – including a long-sought meeting and rare earths – that exercise plenty of leverage over Trump, too.

The next batch of inflation data from the Bureau of Labor Statistics was already shaping up to be a high-profile affair due to the expected impact of President Donald Trump’s hefty tariffs. But after Trump fired the agency’s top statistician, Tuesday’s report now comes with some other, unexpected baggage.

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.