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Americans’ inflation expectations drop to lowest level in 3 years, NY Fed survey shows

Kenny Porcari, chief market strategist at Slatestone Wealth, says Americans are rethinking what CPI reporting means in terms of “making money.” Americans are becoming more optimistic about the outlook for high inflation, according to a major New York Fed survey released Monday. The median consumer expectation is inflation rate The New York Fed's consumer expectations […]

Monthly home payments fall 14 percent, hit lowest level in almost a year: report

Media reports say U.S. mortgage payments fell by nearly $400 in December from their October peak, drawing some homebuyers back into the market, according to a Thursday report from real estate group Redfin. The median mortgage payment for the four weeks ending Dec. 31 was $2,361, according to Redfin research. That's $372 (14%) less than […]

Job openings stay close to lowest level since 2021

Job openings in the business sector were essentially flat in November, close to the 2-1/2-year low reached in October and consistent with a broader downward trend in job openings. The number of job openings fell to 8.79 million from 8.85 million in October, and the number of new hires rose from 5.83 million to 5.47 […]

These are the 5 states with the highest and lowest student loan debt balances

Five states nationwide have the highest student loan balances. California, Texas, and Florida round out the top three. (iStock) Student loan debt is in the trillions of dollars Will exceed $1.6 trillion in 2023. For many, loan forgiveness is still not in sight, and borrowers across the country continue to be saddled with student debt. […]