The Labor Department announced on Wednesday that the headline Consumer Price Index (CPI) increased by 0.2% in July, which was in line with forecasts. Year-over-year, inflation climbed to 2.9%, representing the first reading below 3% since 2021. This encouraging...
The credit card debt we’re facing as a nation clearly shows the significant economic challenges many people are dealing with in today’s high-inflation environment. Even with inflation numbers showing a decrease from the peak levels that exceeded 9%...
Seasoned investors recognize the importance of closely observing economic indicators that affect real estate markets. With years of experience following economic trends that can have a direct impact on my rental properties, I know firsthand how important it is to stay...
The recent Consumer Price Index (CPI) report, released this week by the Bureau of Labor Statistics, came in hotter than anticipated, impacting mortgage rates and effectively casting a shadow on the spring buying season. The data revealed a 0.4% increase, landing at...
The Fed announced it would maintain its benchmark interest rate at 5.25%-5.50% for the fifth consecutive meeting. This decision, reached on March 20 by the Federal Open Market Committee, leaves financial markets and observers looking ahead to June, where the first...
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