Press Release: Buyer Purchasing Power Index remains low

The California buyer purchasing power index (BPPI) figure rose slightly to -11.44 in January 2014. first tuesday forecasts the BPPI will remain negative through mid-2014, when it is likely return to zero due to relatively level interest rates. Rates will rise again in 2015 once the Federal Reserve (the Fed) begins to raise short-term rates. [...]

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