A looser labor market is necessary for inflation to go down and stay down. What to Read Next See the entire article on Arizona’s unemployment, or, read more Arizona real estate investing news. The choice is up to you.
By: Minneapolis CNN — US inflation may have remained elevated in July, but consumers just wanted to have some fun. New Commerce Department data released Thursday showed that consumer spending jumped 0.8% last month as shoppers shelled out for restaurants, live shows, toys, games and recreational equipment. It’s the strongest monthly spending gain since January;…
By: The dominant economic theme continues to be inflation and interest rates, which the Fed has boosted in an effort to bring down prices. See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By: … the personal consumption expenditures (PCE) price index, … Consumer spending, specifically tourism, was stronger than expected – but … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
Phoenix City Council passed a new policy that legalizes backyard guesthouses for homeowners citywide Wednesday, a move that supporters say will increase affordable housing stock and provide flexibility for families with aging parents or adult children who struggle to afford to live elsewhere.Mayor Kate Gallego celebrated the policy, saying “We’re very excited … we believe…
Calls of a global economic slowdown and U.S. recession risks are swirling into the perfect storm as officials continue to keep a close eye on economic prints. FWDBONDS Chief Economist Chris Rupkey and … Calls of a global economic slowdown and U.S. recession risks are swirling into the perfect storm as officials continue to keep…
By: Higher interest rates kill businesses. When companies go out of business, the entire economy loses. Shortages are created. Prices climb. See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
The Arizona Coyotes and general manager Bill Armstrong have agreed to a multiyear contract extension, the team announced Wednesday. Here’s what you need to know: The terms of the contract extension were not disclosed. Armstrong has been GM of the Coyotes since Sept. 17, 2020. The Coyotes have missed the playoffs in all three seasons…
By: Inflation by the Fed’s preferred measure, the personal consumption expenditures (PCE) price index, rose 3.3% in July from a year earlier, … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
Block Inc. is scaling back hiring plans and cutting costs this year, possibly shedding even more real estate, Chief Financial Officer Amrita Ahuja told investors. Block (NYSE: SQ) opted to not renew its lease for offices in San Francisco’s Mid-Market neighborhood that served as its headquarters before pursuing a no-HQ strategy last year. “We’ve wound…