It was the usual parade of shiny objects — explanations for events that change seemingly with the wind or the politics of the observer — while the objective, well-defined threat to the economy remains hidden in plain sight. You could feel whiplash this summer as, on July 25, the media reported that the nation’s second…
By: … Consumer Price Index data. On the flip side, the job market … Personal Consumption Expenditures price index by a tenth of a percentage point. See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
Vice President Kamala Harris blamed former President Donald Trump for causing the worst U.S. unemployment in decades. Here’s where it stood in 2020. Vice President Kamala Harris blamed former President Donald Trump for causing the worst U.S. unemployment in decades. Here’s where it stood in 2020. See the entire article on Arizona’s unemployment, or, read…
By: Monthly payments on a $450,000 mortgage will drop once interest rate cuts start to be issued. Getty Images It’s been more than four years since the Federal Reserve issued a cut to the federal funds rate. But that drought will soon end when the Fed meets again next week. With inflation cooling and concerns…
By: As of September 10, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.000%, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.250%, which is also unchanged from yesterday.*Data used to calculate the median…
By US stocks wavered on Tuesday as investors geared up for a looming consumer inflation report seen as crucial to determining the size of the first US interest-rate cut in years.The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) ticked up roughly 0.4% and 0.7%, respectively, while the Dow Jones Industrial Average (^DJI) fell…
American taxpayers lost more than $100 billion dollars to fraud and improper payments as a result of temporary unemployment insurance programs created in response to COVID-19, the House Oversight … American taxpayers lost more than $100 billion dollars to fraud and improper payments as a result of temporary unemployment insurance programs created in response to…
Despite a reported drop in the unemployment rate to 4.2%, Google Trends data shows waning public concern, raising questions about the true state of the labor market and the reliability of official economic indicators among Americans. Despite a reported drop in the unemployment rate to 4.2%, Google Trends data shows waning public concern, raising questions…
By: Personal Consumption Expenditures Price Index (PCE). The Federal Reserve … spending categories more frequently to reflect shifts in consumer spending … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!
By: … personal consumption expenditures price index, which is the gauge the … The gap is also caused by differences in how data is collected: The CPI asks … See the full article on Personal Consumption Expenditures, or, read more Arizona real estate investing news. It’s your call!