NEW YEAR NEW HOUSING MARKET: The average 30-year home loan rate has come down by just about a full percentage point from a 20-year high above 7% in November, largely in response to signs that the Federal Reserve is nearly finished lifting rates. That has brought some new buyers into the market…(Wall Street Journal)
PESSIMISM IN 2023: Americans are more likely to predict negative rather than positive outcomes for five key aspects of the U.S. economy over the next six months. Higher inflation, unemployment and interest rates, as well as reduced economic growth and stock market values, are all expected…(Gallup)
BILLIONAIRE TAX: In the State of the Union, President Biden will call on Congress to pass his billionaire minimum tax…(White House)