Inflation Pressures Are Easing but Rate Cut Forecast Remains Uncertain

The New Year is beginning where the old one ended -- with uncertainty about when – or whether – the Federal Reserve will begin cutting interest rates.

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Baby boomers have reached, or are nearing, the age at which many will be down-sizing, moving from into smaller dwellings or retirement communities. The question is:  Who will buy the homes they currently own?

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Credit unions have reported a jump in membership over the past two years, and they might want to consider writing a note to the nation’s largest banks, thanking them for that gift. 

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Jobs, jobs, jobs. There were more of them in February than January (also a good month) and more than analysts had been predicting, many of them that “the labor market has found its legs.”

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The Senate is considering legislation that would encourage lenders to reduce the principal balance on underwater loans, by giving them a share of any appreciation borrowers realize when the home is sold.