4 Important Takeaways from the Fed’s 0.75% Hike
The Federal Reserve concluded its two day policy meeting yesterday and announced it was raising its benchmark rate by 0.75%. Here are four observations about yesterday’s rate hike.
Will Rising Mortgage Rates Squash the Housing Market?
The historic spike in mortgage rates instigated chatter across the country that the housing market is a bubble that will soon pop. However, we don’t believe headwinds from higher rates will fully negate the tailwinds of low inventory, pandemic reshuffling, and positive demographics.
Transitory, or Non-Transitory, That is the Question
When does transitory inflation become non-transitory? That is the question that Federal Reserve Chair Jerome Powell is likely to be under increasing pressure to answer after the most recent inflation data surged past economists’ expectations.
Biggest GDP Contraction Ever
The best thing we can say about today’s US gross domestic product (GDP) report for the second quarter is that it’s behind us. GDP contracted at a 32.9% annualized rate …