Prices for an array of consumer goods rose less than expected in August in a sign that inflation may be starting to cool, the Labor Department reported Tuesday. The consumer price index increased 5.3% from a year earlier and 0.3%…
Investor Peter Boockvar, the chief investment officer at Bleakley Advisory Group, is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies which have stimulated so much demand that the supply side can’t keep…
In recent months, China's tech industry has suffered a palpable chill. Since February, shares of overseas-listed Chinese tech firms have lost a staggering $1 trillion in value, according to Goldman Sachs analysts. The fear is spreading after China's clampdown continues…
U.S. consumer sentiment fell in early August to the lowest level in nearly a decade as Americans grew more concerned about the economy’s prospects. It was the lowest reading for the measure since 2011. A sudden drop of this magnitude…
U.S. consumer sentiment fell sharply and unexpectedly in early July to the lowest level in five months. Consumers’ complaints about rising prices on homes, vehicles, and household durables reached an all time record. Just 30% of all consumers cited favorable…
According to a recent Well’s Fargo economic report: the forecast for the level of services spending is expected to swell to more than four and a half years of typical spending packed into nine months. What does this transition from…
The Federal Reserve has bought $982 billion of the mortgage bonds since March 5, 2020. As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities…
I have been saying for months that rent growth would accelerate. The numbers are in and according to Corelogic, Single-family rents were up 5.3% year over year in April, rising from a 2.4% increase in April 2020. Nationally, rent growth…
With the craziness in the market, I at least wanted to ease everyone into it with a relaxing picture :) I wrote last week about rate increases coming down the pipe, but like everyone else I was surprised by the…
Consumer prices jump 5% in May (CPI); this is the highest movement since 2008. What does this mean for interest rates? Before getting into the details, I can quickly tell you with 100% certainty, the only way for mortgage rates…