Ep. 73 - Debunking Real Estate Doomsday, Unpacking Inflation, and CFPB Controversy – Weekend Report
As the economic tides shift and core PCE hits 4.6%, one question emerges - can the anticipated rate hike from the Federal Reserve be the game-changer to steer inflation back to a manageable 3.2 to 3.5%? In this episode, we discuss the impact of shifting job reports, the pressure of surging 10-year yields on the bond market, and the potential effects of the Federal Reserve's looming policy decisions.
We also dive into the Real Estate market defying doom forecasts since 2015 and how the expected influx of millennial first-time buyers could bolster this trend. Tune in and catch up on the latest financial updates!
[00:01 - 03:14] With a core PCE of 4.6%, will the anticipated Fed rate hike steer inflation back to a more manageable level?
[03:15 - 06:59] Shifting job metrics and surging 10-year yields are causing market turbulence; All eyes are on the Fed’s next move and its impact on mortgage rates.
[07:00 - 15:37] Is a Real Estate doomsday coming? Here’s why it’s still a good time to buy!
[15:38 - 21:47] CFPB’s breach of Freedom of Speech – Mortgage expert fined for advising on credit score improvement.
Quotes:
“We fully anticipate that at some point [the FED] will start relieving the market of the pain that they've caused by essentially raising rates at such a high amount. And one thing that I fully expect is that if they do raise these rates, watch the regional banking system, watch what happens because that's where the pressure is [first] going to be applied in the banking system.” – Quinton Harris
"Home prices are actually holding, and they're actually still going up in most of the country.” – Quinton Harris
Sourced CNBC Headlines Courtesy of Hunter Downing.
Resources Mentioned:
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