While the annual rate has declined from last Summer.... In the last few months it is NOT dropping.... Ole' Jerome at the Fed keeps raising rates but THAT is NOT stopping business from continuing to raise their prices for good's and services.... This ain't helping … [Read more...] about Inflation stubbornly holds on….
Interest rate hikes
The Ferd raises interest rates by .75 points…..
The Federal Resreve is trying to drive down inflation.... They ain't doing a good job.... The prblem IS consumer prices.... Not home mortgages or car loans..... Or even gas prices.... And? A Recession IS also brewing on top of this..... The Federal Reserve … [Read more...] about The Ferd raises interest rates by .75 points…..
House mortgage rates go UP……
Well? Ya raise the interest rates to starve off inflation and the housing marget IS gonna catch a cold... The Commerical Housing market has already take a Covid hit... One would assume car loans and credit card interst rates will climb.... The world has turned upside … [Read more...] about House mortgage rates go UP……
Unemployment rate drops to the lowest in almost five decades….
The seesaw continues.... While I did a post a yesterday that pointed to flat wage growth and job loss from the Congressionsl Budget Office..... We get a more rosy picture from the Trump Labor Department today... Oh, and Trump outted the 'good' news a hour early, of … [Read more...] about Unemployment rate drops to the lowest in almost five decades….