The Fed’s preferred measure of inflation rose 4.9% in April, a sign that rising prices may be slowing

People shop at a supermarket in Washington, DC on May 26, 2022, as Americans brace for summer sticker shock as inflation continues to rise. Nicholas Kamm | AFP | Getty Images The Federal Reserve’s favorite gauge of inflation rose 4.9% in April from a year ago, a still high level that nevertheless indicates that price … Read more

Is a recession coming to the United States? Here’s what the experts say.

Americans are increasingly concerned about the possibility of a recession. Earlier this month, the Federal Reserve began raising interest rates to ease inflationary pressures. During the first quarter of 2022, as consumers and businesses continued to spend, U.S. gross domestic product fell 1.5%, the first decline since the second quarter of 2020, according to The … Read more

Economists predict interest rate hike next week

The Bank of Canada is widely expected to raise interest rates again next week in an ongoing effort to rein in consumer prices and cool the overheated Canadian housing market. With inflation hitting a 31-year high of 6.8% in April, Bay Street analysts generally expect Governor Tiff Macklem and his team of economists to raise … Read more

The Malvern pad owned by Only Hospitality Group’s Julien and Kristy-Lea Moussi on the property’s menu

The king and queen of hospitality Julien and Kristy-Lea Moussi run 22 cafes, restaurants and pubs. Their award-winning Malvern home is a true “espresso-ion” of the couple’s style. The husband and wife who run a cafe and a coffee empire are hoping their award-winning family home in Malvern will win a bumper sale. Julien and … Read more

Fed Minutes: May 2022 – Monetary Policy Could Enter Restrictive Territory

Earlier this month, Federal Reserve officials stressed the need to raise interest rates quickly and perhaps more than markets expected to tackle a burgeoning inflation problem, showed the minutes of their meeting published on Wednesday. Not only did policymakers see the need to raise benchmark borrowing rates by 50 basis points, but they also said … Read more

Fixed or variable mortgage: how fixing your rate could save you $160,000

Interest rate hikes are causing mortgage stress – but a financial adviser has advice for anyone looking to save big bucks. Following the Reserve Bank of Australia’s (RBA) first interest rate hike in more than a decade, rising mortgage costs are worrying many Australian homeowners. And for good reason. After record Australian borrowing levels, historically … Read more

Rising costs mean we give up love to pay gas bills

Couples and those looking for love have had to cut spending on nights out and romantic gestures after rising bills and food prices forced them to divert income elsewhere. The cost-of-living crisis has forced consumers to prioritize – tightening their belts and committing less to finding a partner or taking loved ones out for dinner, … Read more

Sydney sellers move to private treaty as buyers step back

Sydney sellers are changing the way they trade as the property market enters a new cycle, but there is good news for buyers. More properties in Sydney are moving from auction to private treaty as buyers’ sentiment shifts from fear of missing out to fear of paying too much. The number of buyers showing up … Read more

Interest rate: Variable borrowers will pay an additional $443 per month on home loans

A group of Australians could lose hundreds of dollars by the end of the year as the country’s financial crisis really begins to bite. Australia’s interest rate nightmare could see homeowners swoop in on an extra $443 a month from Christmas, startling new data has revealed. On May 3, the Reserve Bank of Australia announced … Read more

West Airport record house comes with free portable toilets and a car lift

Buying a home in Melbourne’s North West for a record $1.65million is a bit special when sellers throw in portable toilets and a car lift for free. A West airport home that comes with a free car lift and portable toilet in the garage is up and running after breaking the suburban house price record. … Read more