Consumers are spending more to keep up with the surging cost of living, and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]
Tag Archives: Jerome Powell
01
Apr
Apr
For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,’” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the first time […]
29
Mar
Mar
Banks are Preparing for a MORTGAGE CRASH in 2022 – potentially by the summer. That means the 2022 US Housing Market could be heading for a HOUSING CRASH sooner than most think. The 2022 US Housing Bubble keeps growing larger. The typical mortgage payment an average US Homebuyer pays has surged by 46% over the […]
Real Estate World
Higher interest rates… should act to cool off the housing market over time: Fed Chair
04
Mar
Mar
#housing #inflation #wages Fed Chair Powell on housing: “Housing inflation really is much more of an indicator of the tightness of the economy rather than supply-side problems… housing is a very interest-sensitive sector and rates moving back towards more normal levels should act to cool off housing markets. Don’t Miss: Valley of Hype: The Culture […]