The Fed meets again on December 14 and the market is pricing in a high probability (75%) of a smaller 50 bps hike. That would be the 7th rate hike in a row and bring the Fed Funds Rate up to a new range of 4.25-4.5%. The last time the Fed Funds Rate was that high? December 2007
“I just found the website @truflation which attempts to estimate ‘real’ inflation based on a variety of data. .. the ‘Historical Truflation Rate’ has been declining since April when it peaked at 12%. That figure has since halved to 6% and looks to be headed lower.” - Bernstein
The 30-year fixed mortgage rate fell for the fourth consecutive week, currently averaging 6.65%, according to Bankrate. A month ago, the rate was 7.33%.
The report shows the overall Graduation Success Rate for bowl-bound teams in 2022 has reached an all-time high of 83%.
Inflation Rate 🇪🇺: 10.9% : 10.9% : 10.1% : 9.4% : 9% : 8.6% : 8.2% No. Inflation is not going up in the U.S. because the working class got a $1,400 check 19 months ago. Multinational corporations are jacking up prices worldwide.
The number of ChinaVirus cases goes up, because of GREAT TESTING, while the number of deaths (mortality rate), goes way down. The Fake News doesn’t like telling you that!
Ten years ago today, I signed the Affordable Care Act into law. It protected preexisting conditions, cut the uninsured rate in half, and lots more. But it's still under political attack right when we need care the most. We have to protect it, build on it, until we cover everyone.