Bidenomics is Killing Us With Inflation | Mortgage rates stay high amid renewed inflation fears

Mortgage rates stay high amid renewed inflation fears

Mortgage rates stay high amid renewed inflation fears

Snippet of Article: "...The national average for 30-year mortgages was 7.31% as of April 24. ...The national median family income for 2023 was $96,300, according to the U.S. Department of Housing and Urban Development, and the median price of an existing home sold in March 2024 was $393,500, according to the National Association of Realtors (NAR). Based on a 20 percent down payment and a 7.31 percent mortgage rate, the monthly payment of $2,160 amounts to 27 percent of the typical family’s monthly income."

Source: www.bankrate.com

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The Fed might not be done raising interest rates

Snippet of Article: "...CNN — Interest rate cuts have been the main focus for Wall Street ever since the end of last year, when Federal Reserve officials indicated they intended to lower rates. But stubborn inflation now has some investors wondering about the exact opposite: a rate hike. ...Then came March’s Consumer Price Index report, which showed prices rose 3.5% last month from a year earlier, up considerably from February’s 3.2% and higher than economists’ expectations. That also marked the highest reading in half a year. "

Source: www.cnn.com

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Federal Reserve: There is no need to adjust interest rates in the short term and the task of lowering inflation has not yet been completed

Snippet of Article: "...latest U.S. Consumer Price Index (CPI) data released on Wednesday, which showed a 0.4% increase in month-on-month inflation and a 3.5% rise compared to the previous year. Core CPI, which excludes volatile food and energy prices, also saw an increase of 0.4% month-on-month and 3.8% year-on-year. These figures exceeded market expectations and underscored the challenge faced by the Fed in managing inflationary pressures. The overall inflation rate of 3.5% is the highest level since ..."

Source: www.breakinglatest.news

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U.S. Postal Service to Raise Prices Again (Bidenomics Inflation Impact: approximately 7.8 percent)

Snippet of Article: "...The proposed adjustments, approved by the Postal Service governors, would raise mailing services product prices approximately 7.8 percent.The proposed adjustments, approved by the Postal Service governors, would raise mailing services product prices approximately 7.8 percent.

The commission will review the changes before they are scheduled to take effect. If favorably reviewed, the changes would include:

• Letters (1 ounce): 68 cents (current), 73 cents (planned)

• Letters (metered 1 ounce): 64 cents (current), 69 cents (planned)...

Source: usps.com

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Democrat EV Mandates Are Increasing Auto Insurance Rates for All

EVs Increase Insurance Costs

Snippet of Article: "It costs about 20% more to insure an electric vehicle (EV) than a gas vehicle, mostly because EVs cost more to buy and repair. ..."

Source: www.valuepenguin.com

Root Causes of Inflation, EVs Increase Insurance Cost,

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Bidenomics | Oil prices rise ahead of U.S. inventory data

Snippet of Article: "...West Texas Intermediate (WTI) contract for April gained 86 cents, or 1.10%, to $79.01 a barrel. May Brent futures added 66 cents, or 0.80%, to $82.70 a barrel. ..."

Source: www.nbcchicago.com

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Sen. Rick Scott Shares Weekly Update on Biden’s Inflation Crisis

Snippet of Article: "...Senate’s Joint Economic Committee, since Joe Biden took office in January 2021, American households are spending…

49% more on air transportation
39% more on repair of household furniture and appliances
35% more on gasoline and other motor fuels
34% more on eggs
32% more on public transportation
27% more on electricity and gas
27% more on school meals
24% more on poultry, beef, and veal
21% more on food overall
19% more on rent
..."

Source: www.rickscott.senate.gov

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US Inflation Surprise Unsettles Markets

Snippet of Article: "...Consumer Price Index (CPI) climbed 3.1% in January, lower than in December, but above forecasts. Markets are now ruling out a March rate cut from the Federal Reserve ...Core CPI, which excludes volatile food and energy costs, rose 3.9% in January over the last 12 months after rising 3.9% in December. ..."

Source: www.morningstar.co.uk

Jan. 2024 CPI, CPI,Inflation,

Video | Fed Bank Doing Everything it Can to Tamp Down Inflation, The Biden Admin Keeps Injecting Actions That Counter the Feds Actions

U.S Banking Crisis: Todd Sachs Interviews WaFed Bank's CEO, Brent Beardall

Source: Youtube

Federal Reserve believes we need more interest rate hikes

Snippet of Article: "Bowman’s position is resolute: the solution may well involve elevating interest rates and maintaining them at a more stringent level. ...data stream continues to show lackluster progress towards achieving the 2% inflation goal, Bowman has signaled her inclination to endorse an interest rate increase in the foreseeable future...."

Source: www.cryptopolitan.com

Inflation,Interest Rates,Federal Reserve,

Inflation ticks upward to 3.7% for August 2023

Snippet of Article: "Inflation ticks upward to 3.7% as the Fed's fight to tame high consumer prices rolls on. Annual inflation has now ticked up two months in a row. ...Core inflation, a measurement of cost increases that removes energy and food prices because of their volatility, rose 4.3%. ...it ticked higher in August because of cuts in oil production, which led to higher gasoline prices. ...the inflation metric that excludes food and energy prices. ...gas prices usually fall in August as consumers start to drive less, but this year was a break from that pattern."

Source: www.nbcnews.com

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Fed's Preferred Inflation Gauge Rises to 3.3%

Snippet of Article: "...The latest PCE data follows other recent reports that suggest the economy and the job market may be slowing enough to cool inflation pressures. The number of advertised job openings, for example, tumbled in July..."

Source: www.newsmax.com