inflation

Real Estate

Washington DC Sues Landlords, RealPage in Alleged Rent-Fixing Scheme

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Washington, DC’s Attorney General filed a lawsuit against property management software maker RealPage, along with 14 commercial landlords.

2 min read

OP-ED | Power Corridor

A Bottomless Congressional Conflagration

Another month, another potential government shutdown. The U.S. House of Representatives did manage to briefly overcome its deep divisions long enough to elect a new speaker, Mike Johnson, a Republican from Louisiana.

3 min read
Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

Power Corridor

Fed’s Tea Leaves Get Murkier

The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in September – while American consumers continue to buy up a storm, charging their credit cards as…

2 min read
Photo by Zac Gudakov via Unsplash

Markets

Homebuilders Feel the Squeeze of Tight Housing Market

Shares of leading US homebuilders have plummeted since an industry-wide peak in July, according to a Financial Times analysis.

2 min read

Economics

The Economy is Expected to Slow, Someday

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The third quarter likely saw strong economic growth, which sounds like good news — unless you’re rooting for lower interest rates.

1 min read

Healthcare

Corporate America is Fretting the Rising Costs of Employee Healthcare

(Photo credit: CDC/Unsplash)

Health insurance costs are expected to surge by as much as 6.5% next year, according to a recent survey from consulting firm Mercer.

1 min read

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Indicators

Recession Increasingly Unlikely, WSJ Economist Survey Finds

In The Wall Street Journal’s quarterly survey of economists respondents pegged the chance of a recession in the next year at just 48%.

2 min read
(Photo by Czapp Árpád on Pexels)

Consumer

Ikea Slashes Prices Amid Cooling Inflation

On Thursday, Ikea announced that cooling inflation means it can finally return to its customer-friendly ways.

1 min read
(Photo by RDNE Stock project on Pexels)

Policy & Power

The War on Junk Fees Just Got Wider

The FTC made a big splash on Wednesday with an announcement that it’s planning new rules to stamp out “junk fees.”

1 min read

Power Corridor

Surviving the Roller-Coaster Ride that Is the U.S. Economy

Photo by Itai Aarons on Unsplash

The U.S. Economy is taking Americans for a ride, interest rates hit a 23-year high at 8.34 percent on 30-year mortgages.

3 min read

(Photo by Alex Simpson on Unsplash)

International Economics

Oil Leaps, Shekel Falls After Israel Declares War

Crude oil prices jumped to $89 a barrel as Hamas’s attack on Israel drove concerns of wider conflict across the oil-rich Middle East.

2 min read
(Photo by Scott Webb on Unsplash)

Real Estate

Mortgage Rates Inch Toward 8% and Nobody’s Happy About it

US mortgage rates have climbed past 7.5% — further tightening an increasingly impossible-to-crack housing market.

1 min read
(Photo Credit: Louis Hansel/Unsplash)

Industries

Welcome to Oktoberfest, Where Recessions Don’t Exist

Despite widespread monetary rain clouds pushing up the cost of beer and food, drinkers are showing up in record numbers to Oktoberfest.

1 min read

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