Despite the progress in taming inflation, the Fed is still planning on two more interest rate increases by the end of the year. https://t.co/OJHN2EJ1OB
The recent demise of Silicon Valley Bank and other regional banking institutions has started to ripple through other parts of the economy, particularly the commercial real estate industry. https://t.co/urcvxA9yON
Silicon Valley Bank, the 16th largest bank in the country and which has a large operations center in the Valley, collapsed over the weekend and was taken over by the FDIC. https://t.co/IyMK2CahLv
Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up. https://t.co/pjjvgFXD6t
GDP for the second quarter was released and it was reported to be in negative territory, sparking a heated but nerdy debate as to whether or not we are in recession. https://t.co/ecOlqrcbqu
Where is the Housing Market Headed?
There are lots of opinions on where the housing market is headed over the next couple of years. https://t.co/qpe7hMyLuq
We could tell the latest inflation report was going to be bad when the White House started playing defense two full days before the release. Unfortunately, the Greater Phoenix Metro is experiencing even higher rates of inflation. https://t.co/YiYcwI6OjU