15-year fixed mortgage
Report: Mortgage Rates Surpass 7% For First Time Since May
According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.
Alicia Summers
December Inflation Hits 2.9%, Driven By Rising Energy And Food Costs
Jeffrey Small, President of Arbor Financial, joins Alicia Summers to discuss the impact of these numbers on consumers, the potential for rate cuts in 2025, and alternative strategies to address inflation.
@FactPostNews
DNC Creates Team To Combat ‘Republican Disinformation Machine’ Ahead Of Trump’s Inauguration
The Democratic National Committee has brought on the social media staffers who ran Kamala Harris’s social media campaign account to combat “misinformation” from the incoming Trump administration.
ADP National Employment
US weekly jobless claims fall to 11-month low as labor market remains stable
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
$1 trillion
Credit Card Defaults At Highest Level Since Great Recession In 2008
According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.
2023
Retail, Chain Store Closures Have Surged 69% In 2024: Which Were Affected?
With CVS, Big Lots, and other businesses closing several locations across the U.S. this year, the number of store closures is up by 69%, increasing tremendously in 2024.
Atlanta Fed
US core capital goods orders rebound as economy eyes strong end to 2024
New orders for key U.S.-manufactured capital goods surged in November, offering more signs that the economy is on solid footing as the year ends.
automobiles
Party City Shutters Doors After 40 Years Of Business
The retail store, known for supplying customers with everything they need to plan the perfect party, will be closing all of its stores after running out of money to stay in operation, according to CNN.
Barbies
Seeing low-income consumers squeezed, retailers target $10 and under gifts
Retailers including Target and Walmart are stocking shelves with more toys and gifts that cost less than $10 this holiday season, a strategy aimed at attracting cash-strapped shoppers.
Alicia Summers
Fed Cuts Rates To 4.25%-4.5% Amid Inflation Fight, Housing Costs Remain High
The Fed cut interest rates by 25 basis points to 4.25%-4.5% and continues reducing its debt holdings. It aims to monitor economic trends to balance job growth and inflation, which remains above the 2% target. Ted Thatcher, President of Bright Lake Wealth Management joins Alicia Summers to discuss the reasoning Read more…