Inflation, New Home Sales, & More

Week in Review: June 24-28

I know what’s on everyone’s mind after last night: what does Sage Economics have to say about the new PCE Price Index data? Well, it’s clearly time for this intro to step aside so we can get into a light but meaningful week of economic data releases.

Monday

TSA Checkpoint Travel Numbers

We set another record for most daily passengers screened by TSA on Sunday, June 23^rd, and travel volumes are back to about 7% above 2023 levels. It’s not just flying, though; Carnival just reported record bookings for cruises in 2025. People must be traveling to take their mind off how bad the economy is.

Tuesday

Conference Board Consumer Confidence

This measure of consumer sentiment fell in June. The forward-looking part of the index is still below the threshold that signals an imminent recession, but it’s been below that for 5 straight months and most of the past few years and…still waiting.

Gas Prices

Gas prices were unchanged at an average of $3.56/gallon and are $0.13/gallon cheaper than one year ago.

Diesel Prices

Diesel prices inched higher again but are still down $0.86/gallon from the September peak.

Wednesday

New Home Sales