Inside the Economy: Profit Taking and the Great Transition

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss a variety of economic news. The Fed has one more meeting to round out 2023. All eyes will be on if they continue to hold rates and the impact on unemployment and inflation. In other news, the housing market experienced the lowest number of existing home sales in more than a decade. Will housing prices continue to be resilient in the higher rate environment? Tune in to learn more! Key Takeaways: • Oil prices steady around $75 a barrel • Mortgage rates stuck in the mid 7%’s • Headline inflation trends lower