How can the U.S. economy get to 2% inflation?
The Federal Reserve has made it a goal to get the U.S. economy back to 2% inflation and will continue to use the tools available to do so. Thursday’s inflation metrics came in a little hotter than expected, but some areas did hold steady.
The Consumer Price Index rose 0.4% in September from August, slightly higher than the 0.3% prediction. However, CPI excluding food and energy was at 0.3% that was predicted. The annual CPI inflation rate held at 3.7% and the core annual inflation rate was 4.1%. Core annual inflation was at its slowest pace in two years.
Now that we know inflation is much stickier than initially thought, what will have to happen to get it to the 2% target set by the Fed? The main culprits right now are related to shelter and services. It should be easier to target two areas of the economy instead of every area like in the summer of 2022, right? Not exactly. Prices in those two areas are stickier than food, gas, or used cars. Services and housing are always in need and it may take rates to stay higher for longer to tame inflation.
It will remain to be seen how the Fed interprets the data and moves forward in the coming months.
What are 4 ways to increase the value of your home?
Like a lot of homeowners, you may be choosing to stay in your current home for a bit longer. While you’re living there, you may want to increase the value of your home. Yahoo! Finance has a list of four improvements that may be able to increase the value of your home in less than a year.
Experts recommended giving your home a fresh coat of paint on the inside, concentrate on the most important rooms in the home, upgrading the basement, and making an effort to declutter.
What does a lakefront mansion in Missouri go for?
Have you ever wanted a home that had a view of a lake from every window? What if the home had 11 bedrooms and over 14,000 sq. ft. of space? You can get exactly that at a new listing at the Lake of the Ozarks in Missouri.
Built in 2022, the home is located in The Villages at Shawnee Bend, an exclusive development with 800 acres of space and 10 miles of waterfront. The home itself sits on 13.6 acres of land and has 600 feet of waterfront. It also comes with a 10-car garage, an enormous chef’s kitchen with two islands, multiple private terraces, a library, and an area called ‘The Pavillion’ that itself is a 2,500 sq. ft. building with a bar, game room, and shuffleboard. There’s also a 2,000 sq. ft. guest home included.
The price tag for all of this? It’s currently listed for $17.5 million and is the most expensive property currently listed in the state of Missouri.
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