Recession: what Recession?

The August jobs report published yesterday showed that the labour market remained red-hot in July despite expectations job growth would cool as tighter monetary conditions and company layoffs stoked fears of a recession.

Here were the key numbers from the report, compared to economist estimates compiled by Bloomberg:

Non-farm payrolls: +528,000 vs. +250,000 (more…)

Federal Reserve tries to rewrite history

Two comments from Federal Reserve Chair Powell struck me while I was listening to his Press Conference on Wednesday:

On the “speed” of the Fed’s move to increase rates:

“When inflation changed direction, really, in October. We’ve moved quickly since then. I think people would agree. But before then, inflation was coming down month by month. And we kind of thought we had the story. Probably had the story right. But then I think in October, you started to see a range of data that said no. This is a much stronger economy and much higher inflation than we’ve been thinking.”

Moved quickly? (more…)

9 Florida-Friendly Trees to Boost Your Property Value

Trees

And read these recent articles: (more…)

Have Mortgage Rates peaked?

With all the noise about the determination of the Federal Reserve (Fed) to continue to increase interest rates it might be tempting to asume that mortgage rates will continue to rise.
But I believe there are good reasons for thinking that mortgage rates may have peaked. Read on to find out why I think this.

Current rates
The 30-year Fixed rate Mortgage (FRM) reached its highest level since 2008 this week: (more…)