Will the next rate cut be too little, too late — or uncalled for? Weigh in below! Powell: 'Time has come' for rate cut [https://lnkd.in/giRhm7Ex] Major blow for Amazon in labor case [https://lnkd.in/eSAXJKeX] DOJ sues RealPage over rental rates [https://lnkd.in/eYGC7aXF] Sources: The Wall Street Journal The Washington Post The New York Times Additional visuals: CNBC RealPage, Inc. By: John C Abell Cate Chapman Jake Perez Max Lockie Hayley Saltzman
Jonathan White
2mo
How was Powell’s announcement “saying the quiet part out loud?” What about that statement should have been kept quiet? That he is changing policy based on changing economic conditions? It is literally his job to do that.
Mark Wakeling
2mo
Whatever this rate cut works out to be, the timing seems a bit too "politically convenient" for my taste. With that said, an interest rate cut is welcome anytime...
Dennis Enloe
2mo
Well, since the rate paid on your savings in 1966 was 5% (58 years ago) and since the rate I paid for my first home loan was 10% (36 years ago) and figuring in inflation over that period of time, I think the rates are eally too low, If we can look the other way while food and energy companies are raking us over the coals, we should be able to let American savers make at least a small return on their investments, and even at 5%, I do mean SMALL!
That lawsuit should be interesting. I am curious to see what they found to demonstrate collusion?
David E Kelly .
2mo
I just want to add some food for thought while you sleep in between jobs. https://newsroom.ucla.edu/stories/state-of-black-california-2024#:~:text=The%20findings%20of%20the%20report,because%20of%20housing%20affordability%20issues.
George Gotch
2mo
Stagflation.? They won’t admit it but then they told us they “accidentally”screwed up on over estimating payroll numbers by 800k plus., so how can we believe them on the inflation numbers? Plus, there hasn’t been any real correction in housing nationwide so what about affordability when rates come down? Throw in the possibility of a Harris administration and the destructive effects of price controls and the idiotic cap gains policies, and you have a real problem doing any financial planning or any kind of planning. Really an interesting time.
yeah, how bout the rates should never have been raised to begin with !! Now you are being "ordered" by the elite to lower them on behalf of this administration in preparation of the upcoming election...........believe it or not, Americans are not as dumb as these elitists hope they are
Tracy B.
2mo
The real adjustments to rates will come after this election. We've seen how much mortgage rates have increased since 2021, and I would bet that if the left retains power, we'll soon see mortgage rates hit double digits like some of us saw in the 70s under liberal Jimmy Carter! Likewise, investors will have to pass that cost to renters who are already faced with astronomical rent rates. The perfect storm is here, and it is completely avoidable. With the direction we're going - the high cost of building materials, high housing cost, double-digit interest rates, and excessive federal spending - it equals a housing crisis greater than we've seen or cared to remember.
Photographer David E Kelly & Sportswear Distribution at BB Authentic Original Sportswear
2moThe rents escalated in California after the Rodney King riots to purposely drive Black People out, so it’s been too damn high every since 1992.