Pembroke Park
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Miami Herald
Food and gas prices remain high. What does that mean for Miami homebuyers?
Inflation was stubbornly high in October, Bureau of Labor Statistics data released Tuesday shows, a sign that the costs squeezing South Florida wallets hardest — particularly energy and housing –– remain elevated. Nationwide, prices rose 0.4% last month, down from a 0.6% jump in September but still more than twice the Federal Reserve’s target. “Everyone’s getting squeezed by prices going higher, and that’s true in South Florida and it’s true around the country,” said Bryan Cutsinger, a professor of economics at Florida Atlantic University’s College of Business. That means the Fed is all but assured to raise interest rates at its rate-setting meeting in December, he added. What prices changed? Fuel costs are the real kicker. Gasoline prices, for instance, rose 1% nationally, down from the 9.3% jump they experienced in September but still rising. In South Florida, gas prices are up 38% on the year, the bureau’s data shows. Some costs rose faster in South Florida than they did nationwide. Shelter, for instance, was up 0.4% last month in the Miami metropolitan area, which extends up through West Palm Beach, slightly above the national average. That increase was so significant that it drove roughly a third of October’s price
Miami Herald
The world's economic rules are changing. What's at stake for Miami? | Opinion
At a moment of significant geopolitical and economic realignment, the question facing investors, business leaders and policymakers is no longer simply where capital will flow, but what conditions will allow it to succeed. Shifting trade relationships, geopolitical tensions, technological advances and growing energy demands are reshaping the global investment landscape. Financial returns remain essential, but so do political stability, reliable infrastructure, access to energy, skilled talent and international partnerships. For 15 years, the International Economic Forum of the Americas has chosen Miami as a meeting place for conversations about the forces shaping the global economy. With its deep connections to the United States, Latin America and beyond, Miami offers a setting for international leaders to exchange perspectives, explore shared challenges and identify opportunities. Long recognized as a gateway to Latin America and the Caribbean, Miami has evolved into an international destination for finance, real estate, technology, hospitality and major global events, including Formula 1 and the FIFA World Cup. Its growing relationships with investors from the Middle East and other markets reflect the international nature of its economy. But attracting capital and international attention is only part of the equation. The greater challenge is translating that momentum into sustained economic
