It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
It is a daily ritual for millions of Australians, but if you have noticed the price of your morning flat white or soy latte increase, brace yourself — it is likely to get worse.
By the end of the year,...
Since 1963, home prices have risen 24 times more than inflation, resulting in a shortage of affordable housing. The median home price in the U.S. is now around $412,778, while inflation has increased by only 10 times during the same period. The high demand for housing, coupled with slow construction times and zoning restrictions, has contributed to this price increase.
Federal Reserve Chair Jerome Powell has hinted at the possibility of lowering interest rates in the near future if inflation continues to ease. The Fed is nearing confidence that inflation is approaching their 2% target, and will consider rate cuts to prevent an economic downturn. Market expectations indicate the first cut may occur in June, with a total of 4 cuts anticipated by the end of 2024. However, Powell emphasized that the current policy stance remains appropriate until stronger indications of inflation decline are observed.
