Tag: The Fed
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The Line: Say Less Fed
This week, we love what Kevin Warsh said about members of the Fed speaking too much. Welcome to the “loose lips sink ships” edition of The Line. Say Less Fed No, I’m not trying to show my knowledge of the latest slang, just saying I want the Federal Reserve to speak less. President Trump’s nominee for the next chair of the Fed agrees…
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The Line: The Fed Leaves Rates Alone
This week, we have the latest from the Fed and tell you why Americans shouldn’t be so pessimistic about the economy. The Fed Leaves Rates Alone The Federal Reserve made no change to the federal funds rate at their meeting this week, a move that surprised nobody, even Gomer Pyle. The Fed summed up their thinking this way: “Available indicators suggest that…
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Fed Holds Rates Steady: Impact on New York City Housing
What the Fed’s Pause Means for NYC Real Estate Right Now This week, the Federal Reserve chose to hold interest rates steady rather than move forward with another cut. While that decision plays out nationally, its meaning is more nuanced in New York City, a market where a large share of transactions are all-cash and financing…
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The Line: August Core PCE Inflation in Line with Expectations
Today, we’re all about inflation as the Fed’s favorite measure of it came out this morning. August Core PCE Inflation in Line with Expectations The core personal consumption expenditures price index—or Core PCE for short—was 2.9% higher in August than a year ago. This is good news because: After the August CPI figure came in a little higher…
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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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Fed Rate Cut Looms—What It Could Mean for Sellers
Markets are nearly unanimous that the Federal Reserve will cut interest rates at its September meeting, with odds close to 90% for a reduction. In fact, Brown Harris Stevens Chief Economist Greg Heym noted that the August jobs report shows a softening labor market with weak hiring and rising unemployment—leaving the Fed with little choice…
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The Line: Prices Rose More than Expected in September
Today, we have the latest on inflation, a housing industry plea to the Fed, and a congratulations to a groundbreaking economist.
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The Line: Economic Growth Better than Expected in the Second Quarter
Today’s article covers economic growth, the Fed, and jobless claims– a trifecta of economic news for my loyal readers!