Recent data has fueled concerns that inflation is becoming entrenched. However, the market’s pricing of future inflation is sending a different message. A 1-year inflation swap is a derivative contract that allows investors to exchange a fixed inflation rate for actual inflation over the next twelve months, making it a useful real-time measure of inflation […]
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Residential rebound masked by a soft second quarter Residential construction intentions rose 6.3% in June to $8.1 billion, with the multi-unit component climbing $283.7 million to $5.3 billion. Quebec led multi-unit gains at $201.3 million, followed by Alberta at $143.4 million and Saskatchewan at $61.4 million. Single-family permits added $196.0 million to reach $2.8 billion,…
“Stranger Things” star Millie Bobby Brown has reportedly welcomed baby No. 2 with her husband Jake Bongiovi—after moving from Los Angeles to a sprawling Georgia farm. The 22-year-old actress—who was thrust into the spotlight when she was just 12 after she earned the leading role in Netflix’s sci-fi drama—and Bongiovi, 24, tied the knot in…
“At the start of the year, we were hoping for another quarter-point rate cut,” Kristin O’Neil (pictured top), senior loan officer at Open Door Lending, told Mortgage Professional America. “Now, with inflation back in the conversation, the industry is talking about potential rate hikes ahead. That’s a real shift, and it’s a good reminder that…
“We currently live in a relatively low-cost, lower-tax Northwest state.”
Cantor Fitzgerald raises MongoDB stock price target on Atlas strength
Edelman Financial Engines, the registered investment advisor and 401(k) managed account provider with over $336 billion in assets, has appointed Tina Wilson as its chief retirement officer, overseeing the firm’s workplace, retirement plan services and employee planning businesses. The firm serves nearly 600 of the nation’s largest employers and more than 10 million retirement plan…