Homeownership Cost in 2021 vs 2025 is WILD:
1. 2021 Median Home Price: $346,000
2. 10% Down Payment: $34,600
3. Monthly Payment (3% interest rate): $1,313/mo
3. 2025 Median Home Price: $405,000
4. 10% Down Payment: $40,500
5. Monthly Payment (7% interest rate): $2,425/mo…
While September CPI inflation is at 2.4%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 16.3%
2. Transportation Inflation: 8.5%
3. Homeowner Inflation: 4.9%
4. Car Repair Inflation: 4.9%
5. Rent Inflation: 4.8%
6. Hospital Services Inflation:…
BREAKING: The US Treasury yield curve is on the verge of turning positive for the first time since 2022.
The difference between 10-year and 2-year Treasuries has been negative since July 6, 2022.
In other words, the yield curve has been inverted for a record 747 days.
In past…
Good Morning Everyone! Inflation dropped to 3.0% from 3.3% in June (expected 3.1%).
The shelter component (which everyone watches closely) had the smallest increase since August 2021.
Very good sign.
The September FED rate cut probability has now jumped to +81%!
Will Jerome…
Key Events This Week:
1. ISM Manufacturing PMI data - Monday
2. JOLTs Job Openings data - Tuesday
3. ADP Nonfarm Employment data - Wednesday
4. ISM Non-Manufacturing PMI data - Wednesday
5. May S&P Global Services PMI data - Wednesday
6. May Jobs Report - Friday
It's all…
Everyone knows CPI coming out Wednesday May 15. What you may not have realized is there was significant increase in coffee prices from March - May, 2024. So instead of reporting it, they remove it from the index.
That's one way to do it. Yellen's version of YenTervention is…
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