The S&P 500 will end next year only about 3% higher than its current level, with a possible U.S. economic slowdown or recession among the biggest risks for the market in 2024.
Read More S&P 500 to see small gain in 2024 as US economic risks rise – Reuters poll
Reports show that nationwide rent prices decreased in October, signifying that the rental market is mellowing since the Federal Reserve has carried interest rates at its highest point in years.
Read More Report: Rent Prices Decreased In October For 2 Months In A Row
The Federal Reserve decided to pause interest rate hikes for the second time in a row, keeping the federal funds rate within a range of 5.25% to 5.5%.
Read More Federal Reserve Holds Interest Rates Steady for Second Consecutive Time
with Dave Brat
Read More Federal Reserve Hemorrhaging Millions
The average rate on the 30-year fixed mortgage rate reached 8% Wednesday morning, according to Mortgage News Daily. That is the highest mark since the year of 2000.
Read More Bidenomics: Mortgage Rates Jump to 8% For First Time In 23 Years
In September, the inflation rate in the United States increased to 3.7%, surpassing economists’ forecasts, according to new data from the Bureau of Labor Statistics.
Read More U.S. Inflation Surpasses Economists’ Predictions For September