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High interest rates have frozen the real estate market When will it thaw?

Mortgage rates have popped back up above 7%, sales have fallen and builder sentiment is down. 5% would get things moving, per one economist.

United statesDanushka nanayakkaraFreddie macAnthony darmientoRobert frick at navy federal credit unionNational association of home buildersFederal reserveNational associationHome buildersRobert frickNavy federal creditGreat recession

As wage gains stall, inflation still hits some workers hard

Average pay raises last year slightly outpaced inflation but the price rises of previous years are still hurting some.

Gary hooverRobert frick at navy federal credit unionRobert frickNavy federal credit

Why did Jerome Powell call the economy resilient?

In a recent statement, Powell warned that the economy might be too resilient, as the Fed tries to slow things down to fight inflation.

Claudia sahmJerome powellFederal reserveGary hoover at tulane universityMarket committeeRobert frick at navy federal credit unionFederal reserve chair jerome powellFederal open market committeeGary hooverFed chairRobert frickNavy federal creditFed chair powell

The economy just keeps growing, new GDP report shows

Economists expected a downturn in economic growth from the first quarter’s 2% annual rate. Instead, growth accelerated to 2.4%.

United statesSean snaithCommerce departmentRobert frick at navy federal credit unionInstitute for economic forecastingUniversity of central floridaFederal reserveGross domestic productEconomic forecastingCentral floridaPaul ashworthRobert frickNavy federal creditInflation reduction act

Retail sales rose 0 3% in May as consumers keep on spending

There was an unexpected uptick in retail sales in nearly every category in May, despite Americans' persistent concern about inflation.

United statesClaire tassinCommerce department onRobert frick at navy federal credit unionFrick at navy federal credit unionCommerce departmentMorning consultRobert frickNavy federal creditMarshal cohen

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