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The Real Estate News Brief: 22-Year High for Key Rate, Changing Fed Forecast, IRS Changes Surprise Visit Policy
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:05:25
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Sinopsis
In this Real Estate News Brief for the week ending July 29th, 2023… the Fed’s latest rate hike, how the central bank’s economic forecast has changed, and good news about the dreaded IRS “knock on the door.” We begin with economic news from this past week and a Fed meeting that resulted in yet another rate hike. The Federal Reserve raised the benchmark rate a quarter point, to a range of 5.25% to 5.5%. That’s the highest it’s been in 22 years. In a news conference after the meeting, Fed Chief Jerome Powell said that inflation has moderated somewhat, but the 2% target is still a ways off. He wouldn’t say whether Fed officials are leaning toward another rate hike in September. He said it would be a meeting-by-meeting data-driven decision... Please remember to hit the subscribe button, and leave a review! If you want to learn more about how you can become a wealth-building real estate investor, hit the join for free button on our website. Thanks for listening. I'm Kathy Fettke. Links: https://ww