The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, the Federal Reserve Chairman Jerome Powell confirmed a quarter-percentage-point rate cut, bringing the federal funds rate to a range of 4.5% to 4.75%. This is the second rate cut in recent months as the Fed aims to navigate a complex economic landscape. Another potential cut is on the table for December, depending on the economic climate as the year ends.
Continue reading Federal Reserve Cuts Rates Again Amid Economic Balancing Act
the staff of the Ridgewood blog
New York NY, the Dow Jones Industrial Average dropped more than 1,000 points Friday following the Friday comments from Federal Reserve Chairman Jerome Powell that the Fed will press forward with raising interest rates while inflation lingers.
the staff of the Ridgewood blog
Washington Dc, the Federal Reserve announced another steep interest rate hike Wednesday, ramping up its efforts to bring inflation down from four-decade highs.
the staff of the Ridgewood blog
Ridgewood NJ, Federal Reserve chairman Jerome Powell has put his tail between in legs and admitted at a Senate hearing the other day that inflation isn’t “transitory.” With inflation now at 6% Powell acknowledged: “I think it’s probably a good time to retire that word and try to explain more clearly what we mean.”
Continue reading Fed Chair Jerome Powell Admits It’s Time to Retire Phrase “Transitory Inflation”
the staff of the Ridgewood blog
Ridgewood NJ, the economic whizz kids at the White House and Federal Reserve Chairman Jerome Powell keep saying inflation is “transitory.” But Friday morning’s Producer Price Index report show an 8.3% rise for the 12 months. DOL Says that’s “the largest annual increase since the US Department of Labor started measuring this price indicator in 2011.”
Continue reading The 1970’s 2.0 : Producer Price Index Jumps 8.3%
the staff of the Ridgewood blog
Ridgewood NJ, talk to almost any housing expert and they will likely say the housing market is not in a bubble. This is despite home prices soaring to historical highs across the country.
In February, prices surged 12% year-over-year, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price Index, which is the highest increase since February 2006—right before the housing market crashed, sending home values into a free fall.
Continue reading Housing Prices Race to New Highs ,but Experts say, “it’s different this time “