Why would anyone bother selling their home if they acquired the residential property with a 2.89 percent mortgage rate? Have you seen mortgage rates these days? Last week, they hit 7.49 percent, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Other gauges were higher, but this is the standard market observers watch. Add the […]
Bidenomics: 41% of U.S. households say they are financially worse off than a year ago, New York Fed’s SCE shows
Are you better off now than you were a year ago? According to the Federal Reserve Bank of New York’s (FRBNY) Survey of Consumer Expectations (SCE), more than 41 percent of U.S. households say they are financially worse off than a year ago in September, up from 40 percent in August. By comparison, just 18 […]
Government employment, part-time jobs growth highlight new concerning trend in September NFP report
The U.S. economy added an astounding 336,000 new jobs in September, more double what the market estimated. Unemployment was unchanged at 3.8 percent, average hourly earnings dipped to 4.2 percent, and the labor force participation rate was flat at 62.8 percent. The two most notable trends in the report? Government employment and part-time jobs growth. […]
WATCH: Second Republican Primary Debate
The second Republican primary debate will once again be exclusively live-streamed on Rumble:
WATCH: Fed Chair Jerome Powell’s post-FOMC policy meeting press conference
You can watch Federal Reserve Chair Jerome Powell’s post-Federal Open Market Committee policy meeting press conference here: