Tag: economy
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The Line: The Fed Cuts 0.25%, But Still Finds a Way to Upset Us
This week, we digest the Fed’s rate cut and have the latest on mortgage rates. Hint: it’s more treat than trick, so welcome to the Halloween edition of the Line. The Fed Cuts 0.25%, But Still Finds a Way to Upset Us As expected, the Federal Reserve reduced short-term rates by 25 basis points at their meeting this week. This…
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The Line: Inflation Lower than Expected in September
Today, we present the latest on inflation and share some good news about mortgage rates. Inflation Lower than Expected in September I’m happy to report that the long-awaited September CPI report was good news, with both the monthly and annual increases coming in below forecasts. Here are the highlights of the report: To sum up, this is good news for the economy and interest rates.…
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The Line: Private Payrolls Down 32,000 in September
It’s the first Friday of the month, which usually means we have jobs report from the BLS to dissect. As you know, the government is currently in a shutdown, which means there won’t be a BLS September jobs report for a while. So today, we use employment data from another three-letter group: ADP. Private Payrolls…
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Bess Freedman on the State of the Luxury Real Estate Market: Insights from Bloomberg and CNBC
Last week, Brown Harris Stevens CEO Bess Freedman recently shared her insights on the luxury real estate market in interviews on Bloomberg Markets and CNBC’s Market Alert. Freedman highlighted how mortgage rates, while a major talking point, have less impact on high-end buyers, many of whom purchase with cash. Still, she emphasized that housing affordability…
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The Line: The Fed Cuts Rates 0.25%
Today, there is only one thing on the menu: The Fed. The Fed Cuts Rates 0.25% In a move that surprised nobody, the Fed lowered the federal funds rate by 25 basis points, or 0.25% this week. For those interested, the federal funds rate is the interest rate banks charge each other for overnight loans. Now…
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Potential Impacts of the Presidential Election on the Housing Market
Brown Harris Stevens Chief Economist Gregory Heym weighed in on which directions the markets could take leading up to the election.
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The Line: Retail Sales Up More than Expected in September
Brown Harris Stevens Chief Economist Greg Heym shares the latest on consumer spending, mortgage rates, inflation, and more.
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Economic Experts Sound off on the Latest Federal Reserve Rate Cut
BHS Broker Vince Rocco and Chief Economist Greg Heym welcomed finance experts to discuss the recent Federal Reserve interest rate cut.
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The Line: Inflation Falls to its Lowest Level Since March 2021
Brown Harris Stevens Chief Economist Greg Heym shares the latest on the consumer price index, housing, and more.