by Daniel White | Nov 21, 2022 | Economy
November 21, 2022 The Federal Reserve has been increasing interest rates to battle inflation. Unfortunately, it’s not evident yet if those efforts are working. The last few consumer price index (CPI) reports, which track prices consumers pay on goods and services,...
by Daniel White | Nov 14, 2022 | Economy
November 14, 2022 The Federal Reserve has been hiking interest rates for most of 2022. We’re now starting to see the nasty ripple effects of these moves. The average rate on the 30-year fixed mortgage, which is one of the most popular home loans, climbed to more than...
by Daniel White | Nov 7, 2022 | Economy
November 7, 2022 The Social Security Administration announced a cost of living adjustment (COLA) of 8.7% for fiscal year 2023, meaning Social Security checks soon will rise significantly. There’s only ever been a larger COLA rise three times, all during the...
by Daniel White | Oct 24, 2022 | Economy
October 24, 2022 We see a lot of comparisons between what’s happening today and what occurred in the 1970s because it was the last time consumer price inflation was anywhere near this high. But unless you were around (and probably driving) back then, it might go...
by Daniel White | Oct 17, 2022 | Economy
October 17, 2022 Despite a slight uptick recently, the U.S. consumer confidence index has been steadily falling: President Biden denies we’re in a recession, even though we just went through two consecutive quarters of negative economic growth, which many consider to...
by Daniel White | Oct 10, 2022 | Economy
October 10, 2022 We’ve been told inflation is at a 40-year high. That’s bad enough, but if it’s calculated using traditional methods, the outlook is even worse. At the end of June, the Consumer Price Index (CPI) stood at 9.1%. That was the biggest 12-month price...
