Posted on 09/23/2022 3:47:33 AM PDT by millenial4freedom
Powell made his comments at a news conference following the Fed’s decision to raise its benchmark interest rate by 75 basis points in its ongoing quest to tame inflation — the third straight time rates have been hiked by that amount. His comments also came on the heels of the National Association of Realtors’ latest home sales report, released on Wednesday. That report found that existing-home sales experienced a slight dip in August 2022 — the seventh straight month of declines. Year-over-year sales fell in all four major U.S. regions. Despite slower sales, housing prices have continued to zoom higher in 2022 as the supply of new homes lags in demand.
(Excerpt) Read more at msn.com ...
What? A correction?
Its like he has a crystal ball or sumphin!
We are being crashed and crushed.
The horror filled Dementia Joe economy for you.
Supply and demand is no longer a rule. I postulate that the fed broke it purposelybiden printing and giving away money to the point that a fever of more more more affects and effects the country.
Damn the torpedo full steam ahead.
The result zimboggwond imflation on steriodods.
After seven straight months of declines, he “predicts” a correction?
His brilliance stuns.
Not a good time to be sitting on a variable rate HELOC or mortgage and having to heat a 2500 sq ft home. This will be a very tough winter.
(We are being crashed and crushed)
Correct.
Hope I can get a new part-time job in the next few weeks. Before this disaster reaches its peak.
Finding something proper for me is difficult.
All prayers appreciated.
✝️🙏🛐
Guess he didn’t hear about the interest rate increases.
He’s really late to the party.
6.29% and rising....
nothing gets past this guy.............
.
More like 'Damn the Hypersonic Cruise Missle!' -
'Hyperinflate Away!!!'
.
Then the cruise missile runs out of fuel - and/or explodes.
Somewhat problematic, either way...
But don't worry!
Be cheerful, positive and happy, like me!
(Because I am not a genius Economist and therefore obviously know nothing...)
100% Biden’s fault.
Prayers for successful hunt and a satisfying result for you!
Powell’s prognosticative abilities are amazing. I hear that he predicted the 9/11 attacks on 9/15.
Sales declined, prices did not. But sales are still up from pre-pandemic and supply is still way below pre-pandemic. I think its unlikely the national median house price drops over the next 12 months and if it does it will not be by a lot. The high end of the market may decline some though, especially second home areas.
In California home sales are down 47% yep it’s look better huh
Thank you
I also need prayers 🙏 for my two cars
Both need repairs and I keep getting close but need a few miracles
God can make a way when things seem impossible
God bless you
I happen to have more prayers and happily send them up for you. I just know you’ll find the job you seek and get a set of wheels running! Prayers up for you and your success! 🙏
Thank you and God bless you again!!!
🛐🛐🛐🙏🙏🙏✝️✝️✝️✝️
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