A little bit of everything
Financial analysts agree that Wednesday’s unanimous decision by the central bank’s FOMC (Federal Open Market Committee) to raise rates by 0.25 points-the first rate increase since 2023-will have an impact on borrowing costs.
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The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.
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With the year-over-year inflation rate at 2.4% in March, the personal-finance website WalletHub today released its updated report on the
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Politicians are known for making promises and pledges they are unlikely to be able to fulfill and former President Donald Trump has arguably made more ambitious ones than have most.
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The campaign of Vice President Kamala Harris stands to benefit from the Federal Reserve Board’s recent decision to slash it’s benchmark interest rate by half a percentage point, analysts said.
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Increases in major cost categories like housing and vehicles have contributed substantially to recent inflation, while sectors like food and
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President Joe Biden’s tenure in office has been marked by stubbornly high inflation. Will a record-breaking stock market be enough to help him win re-election in November?
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When Trump left office the average home cost about $300,000. Now the average home costs about $430,000-effectively pricing out many in the middle class and making homeownership-once the very cornerstone of middle class equity-a luxury that only the wealthy can afford.
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Seriously, folks, a successful Republican candidate at the top of the ticket could result in Republicans controlling both the House, the Senate, and the White House. And that would be awful.
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It’s better to struggle every day to afford some things because they’re too pricy than to be unemployed and unable to afford anything!!
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