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Navigating the Labyrinth: Mortgage Rates in Late 2024

The American dream of homeownership, for many, feels increasingly distant. Sky-high property prices coupled with stubbornly high mortgage rates create a formidable barrier to entry for a significant portion of the population. As we approach the end of 2024, understanding the dynamics of these rates becomes paramount for both aspiring and current homeowners. Recent developments…

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Fed Meeting Today: A Pivotal Moment for the US Economy

Today, September 18th, 2024, marks a pivotal moment for the US economy as the Federal Reserve (Fed) convenes for its highly anticipated Federal Open Market Committee (FOMC) meeting. This gathering holds significant weight as it is widely expected to usher in the first interest rate cut in over four years, a move aimed at bolstering…

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Photo by Capitalist Money on August 06, 2024. May be an image of A stock market ticker showing various numbers in red and green, typical of a stock trading screen. The image may contain text such as 'Capitalist Money', 'BREAKING', 'Economic Outlook: Slowdown Or Pause?'.

Deciphering the Economic Puzzle: Is a Slowdown on the Horizon?

The recent slowdown in the job market has sparked concerns about the trajectory of the economy, prompting cautious analysis from prominent figures within the Federal Reserve. San Francisco Fed President Mary Daly, in a recent statement, expressed measured concern regarding the slowing labor market, emphasizing the need for further data analysis to ascertain its true…

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Jay Powell is Now Officially on a Collision Course with the 2024 Election

The Federal Reserve, under the leadership of Chair Jerome Powell, has embarked on a resolute campaign to subdue inflation, resulting in interest rate increases reaching their highest point in two decades. This decisive action has reverberated throughout the economy, inducing a deceleration in growth and prompting apprehensions regarding the possibility of a recession. The timing…

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Photo by Capitalist Money on July 25, 2024. May be an image of President Joe Biden stands in front of an American flag, smiling, in a blue suit. The image may contain text such as 'Capitalist Money', 'BREAKING', 'Biden's Economy Recession-Free'.

One Underappreciated Biden Accomplishment: No Recession

In the face of unprecedented global economic turmoil and the lingering effects of the COVID-19 pandemic, President Joe Biden’s first term has defied expectations: it has been remarkably recession-free. This achievement stands out as a significant milestone, particularly given that most presidents, especially those serving two terms, grapple with at least one economic downturn during…

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