The Case for September Rates remained unchanged, and the expectation for the Fed’s first rate cut to occur in September remained in place. Much of Jerome Powell’s commentary this year has centered around wanting “more confidence” that inflation was moving sustainably toward the Fed’s 2% target. Today, he stated that data from the second quarter…Read more
Last week, during the opening ceremony of the 2024 Summer Olympics in Paris, as athletes, celebrities, and fans converged on the River Seine, it was hard to imagine not wanting the Olympic Games in your city. But pride doesn’t pay for new stadiums, public transportation, and living quarters for athletes. In fact, hosting the Olympic…Read more
As the housing affordability crisis persists, Americans are losing hope to be able to afford a home of their own. Some 86% of renters in the U.S. want to buy a home but are unable to afford one, according to a poll by CNN and market research firm SSRS. And more than half (54%) of…Read more
