Mortgage rates are currently at their highest point in over twenty years, making it tougher for homebuyers today compared to the past. Many still remember when rates were historically low just two years ago, allowing them to afford more. However, today’s buyers face a big problem: there aren’t enough homes for sale, which has driven …
In less than a week, there’s another indicator that Americans have reached a milestone by accumulating $1 trillion in credit card debt for the first time. New data from the Federal Reserve Bank of New York reveals that outstanding credit card balances reached $1.03 trillion in the second quarter, up 4.6% from the previous quarter. …
Barbie is more than just a doll; it’s a significant part of our culture and has a massive presence in various aspects of our daily lives. The recent marketing campaign for Barbie’s movie was so successful that it surpassed the movie’s production budget, making it a major financial achievement for Mattel, the toy company that …
In the past, we’ve encountered the issue of the debt ceiling multiple times, and it’s likely to arise again in the future. However, history has shown that a resolution is usually reached, despite reaching this critical point. Although we are approaching the deadline once more, we must consider if this time is truly any different. …
It is important to keep abreast of the latest economic trends that may affect the financial markets. The facts presented show that there are several challenges that can affect the financial markets and the economy in general. First, the US Federal Reserve is likely to raise interest rates from their current levels at its upcoming …
Which party will prevail? The Silicon Valley Bank dilemma, the second largest collapse of a financial institution in US history, kept the global business world on tenterhooks over the weekend. By midday on Saturday, Twitter users seemed to have agreed that the bank should be allowed to fail while ensuring that depositors were protected. This …
Good, Better, Best. Never let it rest. Until our good is better and our better is best. We had expected a positive result and set our take profit point at 33,600. However, given the current market price of 32,850, we are pleased with our AI and team’s decision to adjust our take profit point to …
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San Francisco Fed President Mary Daly made some candid comments today. She is part of the Fed’s core and was the first to announce a higher Fed rate in November 2021. Her recent comments are very optimistic, but that depends on the final data before the FOMC decision on 22 March.I am beginning to believe …
Cyclical conditions around the world and mispricing in the markets Let us start by saying that in many ways it’s going to be very, very difficult to achieve both strong growth and the low inflation that we have become accustomed to because all these inflationary forces are in the system. So what you are seeing …
Following on from our note on Tuesday’s inflation figures, all eyes are on these: The general consumer price index rose 0.5% in January, the most in three months. This is according to data released by the Bureau of Labour Statistics on Tuesday. Compared to the same month last year, the index rose by 6.4%. Combined …
