Helping You Survive and Prosper in the Greater Depression
You can watch Federal Reserve Chair Jerome Powell's post-Federal Open Market Committee policy meeting press conference here: https://www.youtube.com/watch?v=wjgB9PjQt6Q … [Continue reading] about WATCH: Fed Chair Jerome Powell’s post-FOMC policy meeting press conference
The Federal Reserve voted to leave interest rates unchanged at a 22-year high of 5.25 percent and 5.5 percent. But the central bank indicated one more rate hike before the year is finished. Here is a look at changes made in the September … [Continue reading] about The Federal Reserve’s Summary of Economic Projections
The Federal Reserve is losing control of the U.S. housing market. Case in point, the mortgage market. According to the Mortgage Bankers Association (MBA), the 30-year mortgage rate rose to 7.31 percent for the week ending September 15, up from … [Continue reading] about 30-year fixed-rate mortgage climbs to 7.31%: MBA
What a coincidence! For the past two months, inflation has been reaccelerating. In August, the annual consumer price index (CPI) climbed to 3.7 percent, and the producer price index (PPI) swelled to 1.6 percent. It is quite likely that the … [Continue reading] about Money supply reaccelerates as U.S. inflation pressures revived
The U.S. annual inflation reaccelerated in August, climbing to 3.7 percent, up from 3.2 percent in July. This was also hotter than the consensus estimate of 3.6 percent. The monthly consumer price index (CPI) rose sharply by 0.6 percent, triple … [Continue reading] about US inflation reaccelerates in August, surges to hotter-than-expected 3.7%