The Bureau of Economic Analysis (BEA) reported that inflation grew at a faster rate throughout August, possibly contributing toward the Federal Reserve’s decision to raise rates in mid-September. The Personal Consumption Expenditures (PCE) price index increased 0.3% on a monthly basis, a slight increase from July’s index increase of 0.2%. On a yearly basis, inflation…

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Agents and brokers are likely to continue encountering hesitant consumers, as the University of Michigan reports that preliminary sentiment dropped for the second month in a row on Sept. 11. The consumer sentiment index—which utilizes personal finances, business conditions and buying conditions to measure consumers’ attitudes toward the overall economy—now sits at 47.8 as a…

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