Home prices ain't going down..... Mortgage interest rates aren't either..... The American dream of getting your own home is getting hard to achieve..... High home prices are straining the budgets of first-time homebuyers as the ongoing housing shortage pushed the cost of … [Read more...] about First Time Home Buyers need to make more money to get a home….
US Interst rates
The Fed may raise rates again……
Good ole' Jerome and Co. at the Fed seems hell bent at driving the US Economy into a Recession.... The Federal Reserve appears likely to raise its key interest rate next week, with minutes from the central bank's most recent meeting showing some officials wanted to raise rates … [Read more...] about The Fed may raise rates again……
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?
The Fed kicks up interest rate .25% and says THAT maybe that’s it?……
The Federal Reserve approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end. The widely expected decision, which takes the fed funds rate to a target range of 5%-5.25%, was … [Read more...] about The Fed kicks up interest rate .25% and says THAT maybe that’s it?……
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……
Wall Street ain’t Happy with the more Fed interest rate increases….
Fed Chair Jerome Powell & Co. are working on inflation.... That's all good.... But? America IS also doing a Recession ALSO.... And a Recession ain't happy time either.... “The Fed and the stock market are fighting. They’re in a brawl right now,” said … [Read more...] about Wall Street ain’t Happy with the more Fed interest rate increases….
U.S. adds 263,000 jobs in November….
No matter what the media editors want to sell? The November numnber IS 20,000 LESS than October..... In addtion? Check the front pages of the newspapers and on line..... Everyweek we have a tech or other big compnay laying off THOSANDS of employyee's..... Maybe I'm … [Read more...] about U.S. adds 263,000 jobs in November….