US 30Y Mortgage Rate Rises To 7.22% As Fed Combats Near 40-year High Bidenflation

US 30Y Mortgage Rate Rises To 7.22% As Fed Combats Near 40-year High Bidenflation

US 30-year mortgage rates are above 7% as The Federal Reserve slowly withdraws its Covid-related...

Rent Prices Have Declined Two Straight Months, But What Does It Mean?

Although Apartment List uses repeat rents of the same or similar unit and prices are...

The 3-Month T-Bill Yield Inverts With the 30-Year Long Bond

The 3-Month T-Bill yield hit 4.22% early this morning. At that time the 3-Month to...

Desperate Democratic Lawmakers Lambast "Aggressive" Fed's "Apparent Disregard For Livelihoods Of Millions Of Americans"

In early September, we warned that The Fed’s actions mean millions of Americans are about...

More Than a Third of US Small Businesses Couldn’t Pay All Their Rent in October

Rent delinquency rates among US small businesses increased significantly this month, a new report shows...

Homebuilders Say They’re on the Edge of a Steeper Downturn As Buyers Pull Back

Homebuilders say 2023 is going to bring an even sharper downturn in the market, as...

Biden Threatens Higher Taxes on Oil Companies if They Do Not Work To Lower Gas Prices

Biden has criticized oil companies that have made record-high profits as consumers struggle to keep...

Bank of England to Start Selling Bonds

U.K.’s brittle financial markets face another test Tuesday when the Bank of England starts selling...

BOE to Take Historic Step in Unwinding £838 Billion Stimulus

The Bank of England on Tuesday is set to become the first major central bank...

Japan’s Stealth Yen Intervention Aims for Maximum Impact

Japan’s currency interventions have been stealth operations in order to maximise the effects of its...

ECB Must Keep Raising Rates Even if Recession Risks Rise, Lagarde Says

The European Central Bank must keep raising interest rates to fight off inflation, even if...

The Fed’s Problem With the Job Market: WSJ

Federal Reserve officials worry that rising wages will lock the economy into a high-inflation regime....

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