By: Inflation fell in November for the first time since early 2020, when the COVID-19 pandemic was slamming the U.S. economy. The decline signals that the Federal Reserve’s flurry of interest rate hikes is continuing to put pressure on inflation, which hit a 40-year high last year.The Fed’s preferred measure of inflation, personal consumption expenditures…
By (Note: This article originally appeared online through the American Institute for Economic Research)Many influential figures claim that supply-side improvements explain easing price pressures. This view is especially common among those affiliated with the Biden administration. A few weeks ago, Treasury Secretary Janet Yellen said in an interview that “supply-chain issues that resulted from the pandemic…seem to be…
A year ago, Arizona had a budget surplus of $1.8 billion. Now, it has a shortfall of about $400 million for the current fiscal year. PHOENIX — Democratic Gov. Katie Hobbs and the Republican-controlled Arizona Legislature return to the state Capitol on Monday with a nearly $1 billion problem on their hands. Less than six…
Nina Poole has lived much of her life over the past 30 years in the communities and neighborhood spots along Bell Road between 35th and Seventh avenues.In that stretch, Bell is flanked by residential areas, shopping centers and Turf Paradise horse track, and is bisected by Interstate 17.“It was just our neighborhood, you know,” Poole…
The labor market beat Dow Jones expectations in December with 216,000 jobs added, according to the latest labor report. The unemployment rate remained unchanged at 3.7%. Jeanna Smialek, a Federal Reserve and economy reporter for The New York Times, Unemployment holds under 4%, job gains higher than expected in final 2023 labor report – CBS…
By: High interest rates, an economic correction and reluctant sellers … Arizona Real Estate · Arizona Real Estate Trends · Phoenix Realtors · Buckeye Real … See the full article on mortgage interest rates, or, read more Arizona real estate investing news.
By: Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a…
By: Inflation, as measured by the personal consumption expenditures price index, rose 2.6% in the 12 months through November. The 10-year Treasury … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
Employers added 216,000 jobs in December and the unemployment held at 3.7%. The labor market has been gradually cooling amid high interest rates. Employers added 216,000 jobs in December and the unemployment held at 3.7%. The labor market has been gradually cooling amid high interest rates. See the entire article on Arizona’s unemployment, or, read…
By: Current 30-year jumbo mortgage rates were about 7.3% in December 2023, significantly higher than the low rates offered just two years prior. Jumbo rates are currently similar to those on 30-year conforming loans, which are 7.03%. In most of the United States, the conforming loan limit for 2024 is $766,550, an increase of about…