Americans
Bidenomics: Mortgage Rates Jump to 8% For First Time In 23 Years
The average rate on the 30-year fixed mortgage rate reached 8% Wednesday morning, according to Mortgage News Daily. That is the highest mark since the year of 2000.
30-year fixed-rate mortgage
Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil markets
Relentless selling of U.S. government bonds has brought Treasury yields to their highest level in more than a decade and a half.
Consumer Price Index
U.S. Inflation Surpasses Economists’ Predictions For September
In September, the inflation rate in the United States increased to 3.7%, surpassing economists’ forecasts, according to new data from the Bureau of Labor Statistics.
cost of living adjustments
Social Security Payments To Increase By 3.2% In 2024
Social Security benefits will be rising by 3.2% in 2024, following the 8.7% rise from the year prior.
Bidenomics
New Data Indicates Massive Recession In 2024
According to experts, the year 2024 could see the worst economic collapse since the Great Depression.
dow jones
New Report Shows 336K New Jobs Added To U.S. Economy, Defying Expectations
The U.S. economy witnessed a hefty increase of 336,000 new jobs last month, marking the strongest job growth since January, according to the latest report by the Bureau of Labor Statistics.
Artemis
World’s biggest bond markets hit by relentless selling
An unrelenting selloff in world government bonds drove U.S. 30-year Treasury yields to 5% for the first time since 2007.
Daniel Baldwin
Reagan Economist Dr. Laffer Sounds Alarm Bells On Long-Term U.S. Economic Health
U.S. Treasury Secretary Janet Yellen says she is very confident that the economy can achieve a soft landing amidst worries of a possible recession. But Reagan economist Dr. Arthur Laffer says that she is missing the point entirely.
Federal Open Market Committee
Federal Reserve Hikes Interest Rates To 22-Year High
The Federal Reserve raised interest rates to a 22-year high on Wednesday, following a brief break in rises during the central bank’s attempts to keep unprecedented inflation under control.
Alicia Summers
Federal Reserve Raises Interest Rates Again, Highest in 22 Years – Expert Analysis Follows
The Federal Reserve resumed its aggressive rate hikes to tackle inflation, raising the interest rate by a quarter-point today.