Emma Kerr

U.S. Editor, @nudgeglobal. Past: @usnews, @thedailybeast, @chronicle. Alum: @michigandaily. Views do not reflect my employer, not investment advice.

[Kelly Phillips Erb @taxgirl]

Answering some reader email and want to reiterate as the extension due date draws near, there is no Covid exception to the home office deduction rule. If you're an employee, your home office expenses aren't deductible on your 1040 even if you were required to work from home. #tax

[Emma Kerr @emmarkerr]

Got straight to business with @jillonmoney last week - an incredible force in finance. More on her journey: https://t.co/hmfb1phP7d

[Jill Schlesinger @jillonmoney]

My two cents on #inflation, knowing when you're on track financially and how I became "the funny Aunt Jill who will tell you what you’re screwing up, but not be mean about it." @usnews @emmarkerr https://t.co/JwZAveSqVp

[Jill Schlesinger @jillonmoney]

My two cents on #inflation, knowing when you're on track financially and how I became "the funny Aunt Jill who will tell you what you’re screwing up, but not be mean about it." @usnews @emmarkerr https://t.co/JwZAveSqVp

[Erika Giovanetti, CPFC @erikaxgio]

Adjustable-rate mortgages are making another comeback as 30-year fixed mortgage rates eclipse 6%

For the past two weeks, nearly 1 in 10 of all mortgage applications have been for ARMs

Data: @MBAMortgage

[Emma Kerr @emmarkerr]

We've just seen our second consecutive quarter of declining growth. Here's what to watch: https://t.co/873xHDJ5vw

[Ed Zollars, CPA @edzollars]

I think it might be simpler for the IRS just to tell us which notices they are sending aren't in error. #TaxTwitter

[Emma Kerr @emmarkerr]

The NBER uses more than just GDP to define a recession. Here's the full picture from @bethbrav https://t.co/RrS1KzOQFK

[Emma Kerr @emmarkerr]

“As humans we are not good at making decisions when we are emotional... Come up with metrics to decide when to hit the emergency break." https://t.co/IvtJVHnq76

[Patrick De Haan @GasBuddyGuy]

29 days straight of declining #gasprices! We’re now down 40c/gal from the peak with Americans spending $150 million LESS on gasoline today alone vs June 14. National average $4.634/gal with over 10,000 stations at $3.99 or less. We will fall under $4.60 by the weekend.

[Jeanna Smialek @jeannasmialek]

*Big* headline inflation number: 9.1%
It’s more than the 8.8% economists expected.
Highest since 1981.

[Peter Mallouk @PeterMallouk]

As of this morning, the Fed Futures are now pricing in a 100% chance of at least a 75 basis points hike on July 27 and a 30% chance rates rise by 100 basis points.

[Jeff Stein @jstein_star]

"Real wages fell 2.8% over the last 12 months. That is a larger decline than any pre-pandemic year in the last forty years."

[Emma Kerr @emmarkerr]

"the Facebook-ization of personal finance" https://t.co/DF5B0VpOsm

[Jeanna Smialek @jeannasmialek]

Some data reports tell you a lot about the world, affirm trends, etc.

No matter how you cut it, today's CPI was not one of those. (1/)
https://t.co/iFBHgzAxlu

[Council of Economic Advisers Archived @WHCEA46Archive]

Year-over-year headline inflation rose by 8.5 percent, the fastest since 1981. Core inflation rose by 6.5 percent, the fastest since 1982. 7/

[Mandy Velez Tatti @mandyveleztatti]

This article seems like a W for millennials. It's not.

Here's the caveat: Millennials with *boomer parents who GIFT them down payments* are the ones able to buy homes.

https://t.co/3S4tNmKD5l

[Nick Timiraos @NickTimiraos]

Fed gov Chris Waller on CNBC: The data was screaming at us to raise rates by 50 bps but the geopolitical situation led me to support the 25 bps move. We might need to do 50 bps at the next couple meetings.

[Emma Kerr @emmarkerr]

The Federal Reserve just approved the first of *six* possible interest rate hikes this year. What it means for you: https://t.co/boYed5L38i

[Sarah Foster @sarahffoster]

Two years ago *today,* the Fed slashed interest rates to zero at an emergency meeting.

Seems only fitting that tomorrow will likely bring the Fed's first rate hike since 2018 — and the first of many more to come.

Our preview, via @Bankrate:

https://t.co/UIKaeOQ8C9

[Emma Kerr @emmarkerr]

Thanks to @GasBuddyGuy and @Cinco70Denton
for help on this one!

[Emma Kerr @emmarkerr]

"Crude oil and gasoline get all the headlines. But it’s diesel that moves the economy, and prices there are skyrocketing more than gasoline." https://t.co/3NF7uDKsEt