Tag: Inflation

Brian Balfour | The Creature from Jekyll Island: The Federal Reserve | Fall Classical Summit

Foreign my name is Brian Balfour I'm a senior vice president of research at the John Locke Foundation the lock Foundation is a public state-based public policy organization located in Raleigh we focus on all sorts of issues from fiscal policy and education policy to election issues and energy issues ETC primarily At the state level my background is in ...

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US Mortgage Rates Fall in Biggest Decline Since March

U.S. mortgage rates dropped from an eight-month high, after nearing 7 percent last week, as inflation slows ahead of next week’s Federal Reserve policy meeting. The Fed’s aggressive interest-rate hike policy sent mortgage rates well above 7 percent last year, causing the once booming housing market to crash. Rates have been slow to decline from the nearly two-decade high, forcing many potential buyers out ...

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Housing Starts Tumble Despite Signs of an Improving Home Sales Market

The number of housing starts tumbled last month, despite signs that the home sales market is heating up again after falling. Housing starts take into account the change in the number of new residential buildings beginning construction. New single-family home construction fell 8 percent from May to June, according to July 19 report from the U.S. Census Bureau. Starts are now at ...

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Small-Business Optimism Rises, but Inflation Concerns Remain Persistent

American small-business confidence slightly climbed to a seven-month high last month, but concerns about inflation remain persistent, according to a recent report. Pessimism over the U.S. economy diminished sharply, while sales expectations improved, but a persistently tight labor market is continuing to concern analysts about future inflation rates. The National Federation of Independent Business (NFIB) Small Business Optimism Index, which ...

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Mortgage Rates Soar to Highest Level for the Year

U.S. home mortgage rates soared towards 7 percent this week, pushing away many potential home buyers as affordability pressures for some pushed home ownership further out of reach. The average rate on the popular 30-year fixed mortgage hit 7.22 percent on July 6, reaching its highest point since November, according data published by to Mortgage News Daily. Freddie Mac’s report showed ...

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How Bidenomics Generates More Debt and Inflation

Commentary Estimates of U.S. growth have improved, but remain massively below the Federal Reserve’s projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend and debt is significantly higher. It is interesting to hear Treasury Secretary Janet Yellen say that “trickle-down economics did not work,” when in reality this is the failed trickle down: ...

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