Money & The Economy
News on Finance, Money, markets and the economy
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Home Sellers Retreat From the Market, Increasing Shortages and Buoying Home Prices
Collateral Analytics data from Black Knight showed January marking the fourth consecutive month of declines in for-sale inventory on a…
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February Housing Report: More Choices for Buyers as Inventory Recovery Continues at Breakneck Speed
In February, active inventory rose 68% above a year ago; Austin, Las Vegas and San Antonio are first markets to recover pandemic inventory shortages and…
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American Buyers ‘Retreat’ As High Mortgage Rates Strangle Housing Market
Surging mortgage rates pushed home buyers out of the market and sent volume for new applications plummeting to a 28-year-low…
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Wall Street Investors Are Snatching Up Single-Family Homes And Taking Over The Rental Market
Institutional investors, such as banks and large real estate firms, are on track to own 40% of single-family rentals in…
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Fed’s Favorite Inflation Index Blew Past Expectations In January
The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures (PCE) price index, surged past economists’ expectations in January,…
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Why a Big Tax Refund Shouldn’t Excite You
It’s the dreaded season once again. About this time of year, I usually write something about taxes. What can I…
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Consumer Prices Rose 0.5% in January. Fed Must Get More Aggressive
The Bureau of Labor Statistics just released the Consumer Price Index for the month of January. The CPI rose 0.5% while the…
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Inflation Stays Hot In January, Surging Past Expectations
Inflation accelerated on a monthly basis in January, surging past investor expectations as prices continue to climb, according to the…
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POLL: Americans Haven’t Been This Down On Their Personal Finances Since The Great Recession
Half of Americans say they are financially worse off now than a year ago, one of the few times 50%…
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US Notches Record Trade Deficit In 2022 — Thanks Partly To China
The U.S. trade deficit increased to its highest recorded level in 2022, thanks in part to a surging trade deficit…
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Latest Data Indicates Fed Must Be More Aggressive
After a shockingly irresponsible monetary policy in 2021, which greatly contributed to the record high inflation, the Fed finally realized…
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A National Sales Tax is a Bad Idea. Here’s a Better One.
The Republicans recently suggested replacing Federal income taxes with a 30% sales tax on all consumption. After careful consideration, the…
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What Another Fed Interest Rate Hike Means For You
The Federal Reserve is likely to further slow its historically aggressive pace of interest rate hikes at its Wednesday meeting…
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Solid 4th Quarter Leads to 2.1% GDP Growth for 2022
GDP growth in the fourth quarter of 2022 was just reported to be 2.9%. That’s down slightly from the 3.2%…
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People Are Falling Behind On Their Car Payments At Levels Not Seen Since The Financial Crisis
The portion of Americans that are “severely delinquent” on their car loans in December hit the highest level since February…
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