This along with falling gas prices WILL be relief for Americans and Joe Biden's poll numbers.... Mortgage rates fell for the ninth week in a row amid signs that the Federal Reserve could cut interest rates next year. The average 30-year fixed-rate mortgage rate fell to … [Read more...] about American Mortgage rates keep falling…..
The Fed/Federal Reserve Bank
The Fed is coming to help American Consumers, Biden and the Market…..
Ole Jerome Powell and his fellow Reserve crew have signalled that they are seeing interest rate CUTS coming..... Immediate response? Stock Market rockets UP , as forecasters talk about a 'soft landing' of the economy , not a crash recession.... Interest rates for … [Read more...] about The Fed is coming to help American Consumers, Biden and the Market…..
Yes…American Consumer Prices ARE STILL HIGH……
Please disregard all the media stories about the drop in inflation.... It's STILL HERE..... The 'experts' might know it in their computers.... But when they get off work and buy stuff? They have to see it like the rest of us.... The piece below must have been … [Read more...] about Yes…American Consumer Prices ARE STILL HIGH……
The Fed ….NO Interest Rate Increase for Now…..
AP.... The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a surprise move, the Fed signaled that it may raise rates twice more this year, beginning as soon as next month. The Fed’s move to … [Read more...] about The Fed ….NO Interest Rate Increase for Now…..
The US Economy…..More Hiring reported…Higher Jobless rate RISES…Interest Rate hold?
It's about May 2023..... Conflused? I'll add this..... Consumer prices ain't dropping..... And student loan bills are a'coming back..... Job growth jumped in May, reaffirming the labor market’s vigor despite a swirl of economic headwinds. U.S. employers added … [Read more...] about The US Economy…..More Hiring reported…Higher Jobless rate RISES…Interest Rate hold?
Three of the largest-ever bank failures have happened since March….
The banks were all cartering to the tech industry which has had massive lay-off since the pandanmic subsided.... First Republic Bank was seized by federal regulators early Monday and sold to JPMorgan Chase Bank. The San Francisco-based bank became the third to fail this year, … [Read more...] about Three of the largest-ever bank failures have happened since March….
FED interest rate raised .25%
This is NOT a surprise.... Fed raises interest rate for the Big banks .25%... They admit their efforts on Inflation are NOT doing that good.... Update... Federal Reserve officials raised interest rates by a quarter-point on Wednesday as they tried to balance two … [Read more...] about FED interest rate raised .25%
President Biden does the ‘Right’ thing for the Banks……
Yes.... The Biden admin IS bailing out two banks.... (Signature Bank is actually doing better as I type this) Don't think anything else.... And? It's the right thing to do.... The bank stocks are alright as of today .... The market people are still focused on … [Read more...] about President Biden does the ‘Right’ thing for the Banks……