Inside the Economy: Economy in Waiting

SHJ Wealth Advisors

This week on “Inside the Economy”, we look at several pieces of economic data, including inflation and housing. Inflation continues its slow decline and approaches the Fed Funds target rate, but is it enough to sway the Fed to pause at their upcoming meeting? Median home prices have started ticking upward, mortgage delinquencies are at record lows, and new mortgages are around 6.7%. Has the worst in the housing market passed? Tune in to learn about this and more! Key Takeaways: • Unemployment increases to 3.7% • 2-year bond over 4.5% • Oil hovers around $70 a barrel • Mortgage rates above 6.7%