The 0.1 percent monthly reading was down three-tenths a point. Last month, the index moved to its lowest level since April of 2021. ![]() The PCE is the government’s preferred inflation gauge. ![]() New home sales were up 12.2 percent last month. The lack of options of existing units has pushed the new construction market higher. The transportation sector helped drive the report higher. The order for those long-lasting items was 1.7 percent last month according to the U.S. Nothing lasts forever, but a durable good should at least last three years. This is the Friday, June 30 edition of Market to Market, the Weekly Journal of Rural America. Information is available from a Grinnell Mutual agent today. For over 100 years, we've worked to help our customers be ready for tomorrow. Celebrating 60 years of innovation as a family owned and operated manufacturer of grain storage, drying and handling equipment out of Sheffield, Iowa. We're committed to creating what's next because at Pioneer, our name is our mission. It happens when researchers and farmers work together to solve tomorrow's agronomic challenges. And market analysis with Jeff French, next. ![]() Exploring new shipping routes through the Great Lakes. Drought tightens in the grain belt as rain arrives in the gauge and the market reacts. Coming up on Market to Market - the Secretary of Agriculture pulls out the whiteboard on the farm economy.
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