Category: Economy
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Home Prices Finally Fell. Your Mortgage Payment Didn’t.
Home prices just dipped for the first time in three years, yet the typical mortgage payment is up 10.7% to near a record. Here’s why rates matter more than price tags, why another subsidy won’t help, and what buyers can do right now.
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The Economy Grew 3.4%. So Why Does Your Wallet Feel Lighter?
The economy grew at a 3.4% annual rate last quarter, beating forecasts. But the same morning, new data showed real disposable income fell 0.3% in September as prices rose 3.6% from a year earlier. Here’s why strong growth isn’t reaching family budgets, and what Washington should do about it.
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The Fed Blinked Before the Midterms. Two Dissenters Wanted a Hike.
The Fed held rates at 3.75% to 4% in a 10-2 vote, six days before the midterms, even as it admits inflation remains elevated. Lisa Cook and Beth Hammack wanted a hike. Here’s what the pause means for your wallet, and why Washington’s spending is the other half of the inflation story.
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Gas Fell 21 Cents. Consumer Confidence Jumped. Washington, Take the Hint.
Consumer confidence jumped 7.5 points to 91.7 in October, and the Conference Board tied the rebound to easing gas prices. But families still expect 5.8% inflation and plan to spend less. Here’s what the survey says about your wallet, and why more American energy and less federal borrowing matter.
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Biden’s Methane Rule Is on Its Way Out. Now Show the Math.
Biden’s methane rule is on the chopping block. On Tuesday, President Trump told a Texas campaign crowd that his administration is “terminating” the Biden-era rule on methane from oil and gas drilling, the Associated Press reports. He said the change would save consumers and producers $45 billion and unlock 210 million barrels of oil. That…
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Europe Is Running Low on Gas This Winter. America Isn’t.
European gas prices just hit their highest level since 2022, with EU storage at about 75% heading into winter and Gulf LNG cargoes stuck behind the Strait of Hormuz. Meanwhile, US storage sits above its five-year average and American LNG now supplies around 30% of EU gas. Here’s why, and what Washington should learn from…
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Your Health Insurance Bill Jumped 9%. Your Paycheck Didn’t.
Workers now pay $7,471 a year toward family health insurance premiums, up 9% while wages rose 3.7%, and small-business workers pay $2,847 more than those at big companies. Here’s what is driving the bill, how Washington made it worse, and the conservative fix that puts buying power back with families.
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Your Social Security COLA Is 3.6%. Inflation Already Spent It.
The 2027 Social Security COLA is 3.6%, about $75 a month for the average retiree. But gas, utilities, insurance and Medicare are eating the raise, and the retirement trust fund is on track for a 22% automatic cut in late 2032. Here’s the honest math and what a responsible fix looks like.
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Inflation Is Back at 3.7%. The Fed Can’t Blink for the Election.
Inflation is back at 3.7%, wages are falling behind, and the Fed decides on rates Oct. 28, six days before the election. Why a hold is defensible, why the message matters more, and where the real fix lies.
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California Wants a Billionaire Tax. Even Newsom Is Voting No.
California’s Proposition 40 would take a one-time 5% cut of every billionaire’s net worth, and even Gov. Gavin Newsom says he’s voting no. Here’s the fiscal conservative case against the first state wealth tax, and why ‘one-time’ rarely stays one-time.
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