Diamond News Archives
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At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.
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- Category: News Archives
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That’s because gold buyers piling into exchange-traded funds (ETFs) are taking a pessimistic view of the U.S. Federal Reserve’s ability to cool decades-high inflation without hurting the economy.
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After 'hope' crashed in March, analysts expected a modest further rebound in the headline Conference Board Consumer Confidence print in April - they were wrong. The headline confidence print dropped very modestly from a revised down 107.6 to 107.3 in April as Expectations limped higher (from 76.7 to 77.2) and Present Situation worsened slightly (from 153.8 to 152.6)...
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- Category: News Archives
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All of a sudden everyone is an expert on inflation. Your brother-in-law, your local paper, and even dilettantes at dubious outlets like the Washington Post or The Atlantic feel compelled to explain our current predicament. With the admitted rate of consumer inflation running somewhere around 8 percent, and the real rate much higher, even central bankers can’t hide the reality from us. So the commentariat has to explain to us why this is happening and make sure we blame the mysterious workings of capitalism for our troubles. In other words, economics is back.
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- Category: News Archives
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The Federal Reserve is poised to raise interest rates at the fastest pace in 40 years after policy makers’ hawkish rhetoric turned more aggressive last week. The problem, though, is that bond traders keep boosting their longer-term inflation expectations in a very concerning development for the central bank, the economy and financial markets.
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