Homeownership is considered a core part of achieving the American Dream. However, that achievement is slipping out of reach of many Americans these days. U.S. homeownership has been at record lows throughout this decade. More Americans are renting as a response while managing with stagnant wage growth. The path to homeownership in today’s America has
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Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month. “Obviously, the global economy has worsened since our July meeting,” Clarida told CNBC’s Steve Liesman on Friday from the Fed’s economic policy symposium in Jackson Hole, Wyoming. “The global economy is slowing and there’s powerful disinflationary pressures.”
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