Housing inflation still sticky in March: 'Little progress over the past nine months' [Yahoo! Finance]
Arch Capital Group Ltd. (ACGL)
Last arch capital group ltd. earnings: 2/11 04:31 pm
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Source: Yahoo! Finance
The shelter component of the Consumer Price Index, which is mostly made up of rent and homeowners' equivalent rent (OER), rose 0.4% over the previous month, matching February's month-over-month gain, according to Bureau of Labor Statistics data released Wednesday. Shelter costs rose 5.7% year-over-year, also flat from the previous month's annual increase. “The monthly pace of shelter inflation has remained stubbornly elevated around 0.45% since last June despite market-based measures of rent growth cooling much more significantly over the past year,” Parker Ross, global chief economist at Arch Capital Group, told Yahoo Finance. Ross said he expects “the BLS measure of rent inflation to cool and reflect some of the observed softness in rents, but we now have less conviction after little progress over the past 9 months.” Apartment rents softened last year by some metrics, and economists are expecting the trend to eventually show up in CPI data, which has a lag. Federal Reserve
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News
- We Take A Look At Why Arch Capital Group Ltd.'s (NASDAQ:ACGL) CEO Has Earned Their Pay Packet [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group Ltd. (NASDAQ: ACGL) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Arch Capital Group Ltd. (NASDAQ: ACGL) had its price target raised by analysts at Wells Fargo & Company from $109.00 to $110.00. They now have an "overweight" rating on the stock.MarketBeat
- Arch Capital Group Ltd. (NASDAQ:ACGL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Arch Capital Group First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
ACGL
Earnings
- 4/29/24 - Beat
ACGL
Sec Filings
- 5/1/24 - Form 8-K
- 4/29/24 - Form 8-K
- 4/5/24 - Form 8-K
- ACGL's page on the SEC website