Sharkey, Howes & Javer

This week on “Inside the Economy”, we discuss the Federal Reserve & housing. With the upcoming Federal Reserve meeting in early November, the economy and the consumer are waiting to see where interest rates go. Will it be enough to dampen inflation as we move closer to 2023? The housing market continues to soften with mortgage rates above 7% and new loan applications at pre-pandemic lows. Why have prices remained steady and what does that mean for the housing market going forward? Tune in to learn about this and more! Key Takeaways: • Oil is back above $85 per barrel • Jobless claims remain at lows • Outstanding consumer credit is on the rise • Manufacturing remains strong