The U.S. Federal Reserve raised interest rates Wednesday by 75 basis points for the fourth straight meeting while hinting at a potential slower pace in the future as the central bank continues to try to tame multi-decade highs in inflation.
Newsfeed: Fed rate hike is again 75 basis points with hint of potential slowing pace Read More »
Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through October.
Tl;dr: For the 3rd meeting in a row, The Fed hiked 75bps as expected but signaled a much more hawkish than expected future trajectory of rates (higher for longer).
Every year, states across the country compete with each other for people and their wealth as millions of Americans move between states. The stakes are large. A growing population for the winners means an increasing tax base, economic growth and investment. For the biggest losers, it means more difficulties in paying down debts, higher taxes and fewer investments for the future.
Federal Reserve Chair Jerome Powell on Tuesday pledged that the U.S. central bank would ratchet interest rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.
Newsfeed: Fed’s Powell vows to raise rates as high as needed to kill inflation surge Read More »
A mass exodus of money, an $11 trillion wipeout, and the worst losing streak for global stocks since the 2008 financial crisis. The bad news is that it may not be over yet.
Newsfeed: $11 Trillion and Counting: Global Stock Slump May Not Be Over Read More »
Some people think housing is a driver of economic growth. But that doesn’t make sense to us. Sure, a robust housing market creates a lot of jobs from construction all the way back through the supply chain. But housing itself is a by-product of prosperity, not a creator of it. After all, who buys a house first … and then
The role of housing in economic growth … Read More »