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
It’s Not What They Do, But What They Say Eight times a year. That’s how many times the Federal Reserve meets to review monetary policy and decide on what, if any, changes are appropriate. One of those meetings is upon us this week, and as usual investors will pay close attention. Summers used to feel…Read more
Upside Surprise The U.S. economy grew more than expected between April and June, easily beating expectations and raising new questions about its bifurcated state. Gross domestic product, the broadest measure of economic activity, grew at an annualized pace of 2.8% last quarter. This was more than the roughly 2% analysts had expected, or the 1.4%…Read more
