Federal Reserve Chair Jerome Powell said Wednesday officials were keeping their options open over how much to raise interest rates this month after investors interpreted his comments Tuesday to suggest a half-percentage-point increase was likely.
Federal Reserve Chair Jerome Powell said Wednesday officials were keeping their options open over how much to raise interest rates this month after investors interpreted his comments Tuesday to suggest a half-percentage-point increase was likely.
Some 74% of the 1,000 consumers surveyed said they had experienced a product or service problem in the past year, up from 66% in 2020 and only 32% in 1976. The percentage of consumers who have taken action to settle a score against a company through measures such as pestering or public shaming in person or online, has tripled to 9% from 3% in 2020.
A-rated cities and school districts are paying 3.16% for a one-year loan issued March 3, compared with 0.21% at the beginning of 2022.
The U.S. had 38,900 branded residences across more than 200 developments at the end of last year, a 40% increase from 2010. Buyers pay an average 30% premium to purchase hotel-branded residences with about 80% of branded residences affiliated, and usually co-located with, a hotel.
Cash and checks are forecast to fall to 14% of total payments this year from 42% in 2010, with the most precipitous drop coming just after the pandemic started in 2020.
Markets are now betting that inflation, as measured by the 12-month change in the consumer-price index, will fall to about 2.8% by October, from 6.4% in January.
The S&P National Home Price Index, which measures home prices across the nation, rose 5.8% in the year ended in December, down from a 7.6% annual rate the prior month. The increase was the lowest December-to-December change since 2019.
Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as the biggest delivery of new apartments in nearly four decades is slated for this year.
The S&P 500 High Dividend Index—made up of the S&P 500’s top 80 dividend-paying companies—fell 1.1% including dividends last year, compared with a negative total return of 18% for the broad benchmark. In 2023, the index is up 2.5% but is trailing the S&P 500’s 4.8% advance.
In Florida, developers are increasingly eager to buy out condo owners so they can tear down an aging property and build a new one. Some owners, especially the elderly, oppose selling and having to find a new home. Yet they may have to sell if 80% of the owners in a condominium agree to a sale.